AMR posts June profit

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Washington DC
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American Airlines parent AMR reports a $33 million net income in June, reversing a loss of $132 million on bankruptcy related charges in May.

The Fort Worth, Texas-based airline generated $2.2 billion in operating revenue on $2.1 billion in operating expenses during the month, according to a stock exchange filing. This compares to $2.17 billion in operating revenue and $2.11 billion in operating expenses a month earlier.

Cash and short-term investments were $4.98 billion at the end of June. Long-term debt and capital leases were $6.7 billion.