American Air's parent AMR posts loss on fuel costs (Reuters)

(Reuters) ? AMR Corp, parent of American Airlines, reported on Wednesday a quarterly loss as the company was pressured by high fuel costs and volatile foreign exchange rates.

The company said its third-quarter net loss amounted to $162 million, or 48 cents per share, compared with a profit of $143 million, or 39 cents per share, a year earlier.

Revenue was $6.4 billion, which was in line with Wall Street expectations.

AMR is the third-largest U.S. airline behind United Continental Holdings Inc and Delta Air Lines Inc and is the only major carrier expected to post a third-quarter loss. Analysts have debated the chances of a bankruptcy filing from AMR as it works to cut its labor costs.

AMR, which saw its fuel costs rise 40 percent from a year before, ended the quarter with $4.8 billion in cash and short-term investments, including a restricted balance of $474 million.

(Reporting by Kyle Peterson, editing by Gerald E. McCormick)

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/nm/20111019/bs_nm/us_amr

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