AMR Corporation reports first quarter 2008 net loss of $328 million

AMR Corporation reported a net loss of $328 million for the first quarter of 2008. The current quarter results compare to a net profit of $81 million for the first quarter of 2007. Record jet fuel prices contributed significantly to the Company’s loss in the first quarter of 2008. The Company paid $665 million more for fuel in the first quarter of 2008 than it would have paid at prevailing prices from the prior-year period.