American Airlines Parent Swings to Profit on Special Gains
AMR , the operator of American Airlines and currently in bankruptcy protection, has reported Q4 and 2012 results, with the former showing a rare net profit after many quarters in the red.
The company's fourth-quarter bottom line came in at $262 million (diluted earnings of $0.69 per share) on the back of operating revenues of $5.9 billion. The former was in sharp contrast to Q4 2011's net loss of $1 billion, while the top line was largely flat over the year-ago period.
The positive net result was due to around $350 million in gains related to the company's reorganization activities and other extraordinary items.
For full-year 2012, revenues came in at $18.7 billion and the net loss was $1.9 billion. Both figures represented year-over-year improvements -- the same numbers for 2011 were $17.9 billion and $2.0 billion, respectively.
The article American Airlines Parent Swings to Profit on Special Gains originally appeared on Fool.com.Eric Volkman has no position in AMR. The Motley Fool has no position in AMR. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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