AMR Corporation reported a net loss of $286 million for the second quarter of 2011 compared to a net loss of $11 million in the second quarter of 2010. The Company’s second quarter performance was negatively impacted by fuel prices that increased 31 percent compared to the second quarter 2010.
AMR reported second quarter consolidated revenues of approximately $6.1 billion, an increase of 7.8% year-over-year. American, its regional affiliates, AA Cargo, as well as the ‘other revenue’ category, experienced year-over-year increases, as total operating revenue was approximately $440 million higher in second quarter 2011 than in the second quarter 2010.
AMR ended the second quarter with approximately $5.6 billion in cash and short-term investments, including a restricted balance of approximately $457 million. This compares to a balance of $5.5 billion in cash and short-term investments, including a restricted balance of $461 million, at the end of the second quarter 2010.
