American Airlines’ parent company lost nearly $1 billion in March
- Apr 30, 2012 1:06 pm
Skift Take
The high cost of renegotiating aircraft leases and canceling orders led to a huge loss for AMR last month.
— Skift
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The Fort Worth-based carrier said it spent $856 million on reorganization items, including $841 million in aircraft financing renegotiations and lease rejections. AMR also spent $15 million on professional consulting fees.
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