Mixed results for American Airlines in third quarter
Sept. 22, 2011, Dallas, Tx. - American Airlines says third-quarter revenue per mile will increase but so will costs due to higher prices for jet fuel.
September 22, 2011 By The Associated Press
The airline also says it might take a big write-down in the fourth quarter to cover the falling value of its older planes. American is replacing some of its gas-guzzlers.
Parent company AMR Corp., based in Fort Worth, Texas, detailed its outlook Wednesday in a filing with the Securities and Exchange Commission.
Analysts have mixed views about the latest news from American, the nation's third-largest airline. They're praising the upbeat revenue outlook but noted that American is still losing money while other U.S. airlines earn profits. One analyst says AMR might need new management.