Skift Take
Before taking into account all the ways it lost money, American did have industry-leading revenue-by-seat mile numbers. Its Q4 results will demonstrate what effect, if any, its rampant delays and sliding seats had on future bookings.
American Airlines parent AMR Corp reported a wider net loss for the third quarter on Wednesday, as it took charges tied to worker severance costs and its Chapter 11 bankruptcy reorganization.
The company, which sought U.S. bankruptcy protection last November, said its net loss came to $238 million, or 71 cents a share, compared with a loss of $162 million, or 48 cents a share, a year earlier.
Excluding reorganization costs and other special items, AMR said it had a profit of $110 million.
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