News Summary: American Airlines posts 4Q loss

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Associated Press

Posted on January 28, 2014 at 4:00 PM

Updated Tuesday, Jan 28 at 4:01 PM

BEATING EXPECTATIONS: American Airlines Group Inc. lost $2 billion in the fourth quarter due to $2.4 billion in restructuring and merger-related charges. Without those costs, which included giving stock to American's labor unions, American and US Airways would have earned a combined $436 million, or 59 cents per share, better than analysts' forecast of 55 cents per share.

REVENUE UP: The combined revenue of the company's two airlines rose 8.7 percent to $9.98 billion, also beating expectations. A key measure of how much passengers paid per mile rose 5 percent.

MERGER CHALLENGE: CEO Doug Parker said the company formed by December's merger is off to a good start. But he acknowledged the challenge of combining two airlines "and making sure that we go do what we set out to do."

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