© 2022 St. Louis Public Radio
Play Live Radio
Next Up:
Available On Air Stations

AMR Posts a Slim Profit

(UPI photo)


Fort Worth, Texas – The parent of American Airlines has recorded a small third-quarter profit.

That snaps a string of losses at the world's largest airline. The negative reports began more than two years ago and worsened after the terror attacks of September 2001.

Fort Worth-based AMR Corporation says it earned about one
million dollars in the July-to-September period, on revenue of $4.6 billion. In the same period last year, AMR lost $924 million.

It's a stunning turn-around for an airline that almost filed for bankruptcy in April. But chief executive Gerard Arpey says the
third quarter includes most of the peak summer vacation travel season.

American Airlines is also keeping all three of its maintenance centers open.

The decision came after the airline got $100 million in incentives to improve its Kansas City facility, which began as the TWA overhaul base. American said it reached
agreement on a 25-year lease for the hangar at Kansas City International Airport, where the airline conducts maintenance on its wide-body planes.

American had considered closing one of the bases in Kansas City, Fort Worth and Tulsa after it reduced the size of its fleet.

The airline then decided to add jobs at the Tulsa base, and confirmed today it'll maintain the size of its operation at Fort


Send questions and comments about this story to feedback@stlpublicradio.org.