Reuters: Bankruptcy News: American Air parent reports $619 mln February loss

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American Air parent reports $619 mln February loss Mar 30th 2012, 18:59 March 30 | Fri Mar 30, 2012 2:59pm EDT March 30 (Reuters) - AMR Corp, the bankrupt parent of American Airlines, reported on Friday a net loss of $619 million for February, including $375 million related to its reorganization. The company filed for Chapter 11 on Nov. 29, citing a need to cut its labor costs to better compete with profitable rivals. AMR said its operating revenue amounted to $1.8 billion for the month and it spent $682 million on fuel. The company said it spent $584 million on wages, salaries and benefits. The company ended the month with $4.6 billion in cash and short-term investments.

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