AMR earns $44m profit in January

Washington DC
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American Airlines parent AMR earned a $44 million profit in January, the company says today.

Of total operating revenues of $2.09 billion, the US mainline carrier contributed $1.59 billion and regional affiliates added $226 million. The cargo unit posted $49 million and "other" revenues totalled $49 million.

Operating profit amounted to $91 million, after subtracting $2 billion in expenses, including $744 million for fuel, $491 million for wages, salaries and benefits and $137 million for maintenance, materials and repairs.

AMR ended January with $607 million in cash, a $127 million improvement from the previous month.