Join The Discussion

 

Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

read more >

Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

read more >

Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

read more >

Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

read more >

E-Mist finds focus: Ebola gives infection control start-up its moment in spotlight

In the space of 72 hours, George Robertson found his company’s products on the cover of The New York Times and himself on CNN and WFAA, along with innumerable mentions in various media around the world.

read more >

American Airlines posts March loss, sees 2Q profit

 

FORT WORTH, Texas (AP) — American Airlines' parent lost $105 million in April, but the CEO says AMR Corp. is on track for a strong profit in the April-to-June quarter.

AMR narrowed its loss for April from last year's $142 million by cutting labor costs by $106 million, or 18 percent, to $478 million. The company has eliminated several thousand jobs since filing for bankruptcy protection in November 2011.

AMR also spent $26 million less on fuel, or $722 million. The labor and fuel cuts helped AMR reduce operating expenses by 4 percent, to $1.98 billion.

Revenue, however, slipped more than 2 percent, to $1.99 billion.

In a message to employees, CEO Tom Horton said the company — which hopes to complete a merger with US Airways in September — showed strong improvement in its financial results.

"And if current trends continue, we are well on our way to a strongly profitable second quarter," Horton wrote.

The annual summer vacation season falls during the second and third quarters, making those the strongest of the year for airlines. Horton said American's operation was "running well," boosting its one-time arrival rate to more than 78 percent and reducing cancelations to less than 2 percent of flights, the best mark in seven years.

AMR filed the monthly financial reports with a federal bankruptcy court in New York. The Fort Worth company expects to exit from Chapter 11 protection in September after completing the merger with US Airways.

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?