| Sign-up for Free Breaking News Email Alerts! |
| Sign in | Register | View Today's Print Edition · Buy Photos · Place an Ad · Subscription Rates · Forms · Contact Us · About Us |
|
![]() |
| Browse Categories (Add your business to the Texarkana Business Directory) |
|
AMR: A key revenue rising, fuel costs falling
FORT WORTH, Texas—The parent of American Airlines said Thursday that a key revenue measurement is rising and its fuel bill is falling.
Separately, parent AMR Corp. said Thursday it netted $294 million by selling 27.1 million new shares of stock and said the money will go for “general corporate purposes.” AMR had signaled the sales in a Securities and Exchange filing last month. Chief Financial Officer Thomas Horton said the equity sale will bolster AMR’s balance sheet “and better position our company to manage through what remains a very challenging industry environment.” American said it expects third-quarter revenue per mile flown by paying customers to rise between 9.5 percent and 10.5 percent from a year ago. AMR said in a regulatory filing that including the American Eagle commuter carrier, the companywide increase in so-called unit revenue will range between 9.4 percent and 10.4 percent. The company said cargo and other revenue would “increase substantially” over the same period in 2007. Featured Texarkana Business Directory Articles Featured Texarkana Business Directory Coupons
|
Local News Archive Calendar
Sponsor Advertisements
Featured Business
Featured Business
|
|
|
2009 (c) Copyright Texarkana Gazette
Web design by: Joe Regan
Owner of: WebProJoe.com Web Design Company