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.
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