AMR Corporation the parent company of American Airlines reported a net loss of $390 million for the second quarter of 2009. The results include the impact of approximately $70 million in non-recurring charges related to the sale of certain aircraft and the grounding of leased Airbus A300 aircraft prior to lease expiration. Excluding those non-recurring charges, the second quarter 2009 loss was $319 million.
The current quarter results compare to a net loss of $1.5 billion for the second quarter of 2008. The year-ago results included a $1.1 billion non-cash charge to write down the value of certain aircraft and related long-lived assets to their estimated fair value and a $55 million charge for severance-related costs from the Company’s system-wide capacity reductions. Excluding those special charges, AMR reported a second quarter 2008 net loss of $298 million.
