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AA reports $2bn loss for 2011
15 February 2012
In the fourth quarter of 2011 alone the US carrier had a net loss of $1.1 billion.
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American Airlines (AA)
AMR Holdings
bankruptcy
Tom Horton
American Airlines (AA), a subsidiary of bankrupted AMR Holdings, has reported a $2 billion consolidated net loss for fiscal year 2011. This compares to a net loss of $471 million for the same period last year.
In the 2011 fourth quarter alone, AA reported a consolidated net loss of $1.1 billion, compared to $97 million in Q4 2010.
Consolidated revenues for Q4 2011 were about $6 billion, an increase of 7.4% year-over-year.
The full year losses include $118 million...
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