AA Posts Q4 2012 Net Profit of $262 Million

Discussion in 'American Airlines | AAdvantage' started by DestinationDavid, Jan 16, 2013.

  1. DestinationDavid
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    • Revenue of $24.9 billion in 2012, the highest in company history
    • Full-year operating profit of $494 million, excluding special items, a $749 million improvement over 2011
    • Full-year net loss of $1.9 billion. Excluding reorganization and special items, the full-year net loss was $130 million, a $932 million improvement over 2011
    • American took delivery of 11 new aircraft in the fourth quarter (nine 737-800s and two 777-300ERs) and 30 new aircraft during the full year (28 737-800s and two 777-300ERs), putting the airline on track to have the youngest, most fuel-efficient fleet among U.S. network carriers by 2017
    "We have made enormous progress towards building the new American," said Tom Horton, AMR's Chairman and CEO. "It is remarkable what the American team has been able to accomplish, including generating record revenue and a return to an operating profit for the year while restructuring every aspect of our company. I want to thank all of our people for their dedication, hard work and commitment to serving our customers during this time. Our momentum is growing toward emerging as a strong, healthy and vibrant competitor. In fact, with what we have accomplished, we expect to show strong results beginning in the first quarter of 2013."

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