Mostly Cloudy
17°FMostly CloudyFull Forecast

trims labor costs

Published: Thursday, April 18, 2013 8:39 a.m. CST • Updated: Thursday, April 18, 2013 3:08 p.m. CST

DALLAS – The parent of American Airlines is reporting a smaller loss for the first quarter than a year ago on slightly higher revenue and much lower labor costs.

AMR Corp. said Thursday that it lost $341 million, compared with a loss of $1.66 billion a year earlier.

The nation’s third-largest airline said that it would’ve earned $8 million excluding costs of its bankruptcy restructuring.

Revenue rose 1 percent to $6.1 billion. Labor costs declined 17 percent.

AMR is in the process of merging with US Airways and emerging from bankruptcy protection. If antitrust regulators approve the merger, the combined airline will be the biggest in the world.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

More News

Reader Poll

If married, how long have you been married?
Less than a year
One to five years
Six to 10 years
11 to 15 years
More than 15 years