American Airlines parent company AMR Corp. said net income was $262 million compared with a loss of $1.1 billion in the fourth quarter of 2011. Labor was AMR's second-biggest expense behind only fuel. The company chopped spending on wages and benefits by 13 percent.
Font Size: 
AMR cuts labor costs, posts quarterly profit of $262 million
The Associated Press
January 16, 2013
This article requires free registration
This article requires free registration to Daily Business Review. Please sign in or register to read the full text.
