DALLAS – American Airlines parent AMR Corp. (AMR) on Wednesday reported a narrow quarterly profit due to a massive restructuring program, even though the world's largest airline was stung by soaring jet fuel prices.
AMR said it posted a profit of $6 million, or 3 cents per share, compared with a loss of $75 million, or 47 cents a share, a year earlier.
In second quarter 2003, AMR received a one-time, government payment of $358 million for security costs. Without that payment, AMR posted a loss of $357 million, or $2.26 a share in the year-ago quarter.
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