(Updates with comment from the CEO in the fourth paragraph).
April 20 (Bloomberg)--parent of American Airlines AMR Corp. posted a loss in the first quarter of narrower than analysts estimated as the third largest US carrier raised rates and transported more international travellers.Excluding some costs related to the aircraft, the loss was 405 million, or $ 1.21 per share, compared to 452 million dollars, or $1.36, a year earlier, the company based in Fort Worth, Texasa statement said today. The adjusted loss compared to the average $ 1.32 from estimates of 13 analysts compiled by Bloomberg.American and other major airlines U.S. put in place six large quarter rate increases. Higher ticket prices and jump 5.8% of the U.S. in international passenger traffic helped the company overcome an increase of 41% of the average price of jet fuel. "High fuel prices remain one of the greatest challenges of our industry and our society,"Director General Gerard Arpey said in the statement."The carrier reduces the growth of the capacity a second time, 1% for the fourth quarter, to reduce fuel consumption. The change means the growth of the capacity of the whole American will be 1.4 percentage points lower than its original plans.Net loss of AMR limited of 436 million, or $ 1.31 per share, $ 505 million dollars, or $1.52, a year earlier. Sales increased by 9.2% to $ 5.53 billion.American is the first of five largest carriers U.S. first-quarter results. Among them, only Southwest Airlines Co. is expected by analysts to post a profit. United Continental Holdings Inc. and Southwest are planned for the results of the report tomorrow, with Delta Air Lines Inc. and US Airways Group Inc. set for April 26.-Editors: Ed Dufner, Cecile Daurat
To contact the reporter on this story: Mary Schlangenstein in Dallas at the maryc.s@bloomberg.net
To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net
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