AMR posts $164m net loss in October

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Washington DC
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American Airlines parent AMR has reported a net loss of $164 million in October, following negative impacts on revenue from flight disruptions as well as flight cancellations during Hurricane Sandy.

Flight disruptions in September, related to increased maintenance events and pilot issues, resulted in a negative impact of about $45 million in October. In addition, American and American Eagle cancelled more than 2,000 flights as a result of Hurricane Sandy, which led to an additional negative impact of $40 million on October's revenue.

Total revenues for October stood at $1.96 billion and expenses came in at $1.99 billion. AMR posted an operating loss of $39 million.

AMR's October results were an improvement over September, when it reported a net loss of $291 million. However, the October net loss was double the $82 million net loss AMR reported in August, following profits in June and July.