American Airlines parent AMR Corp. lost more money in the second quarter as fewer people got on its planes and those who did paid lower fares than a year ago.
AMR's revenue plunged 21 percent from the same period in 2008, swamping the savings that American reaped from cheaper jet fuel prices.
Still, American raised more money from extra fees on baggage and other items, and the financial results weren't as bad as Wall Street had feared.
AMR said Wednesday that it lost $390 million, or $1.39 per share. Excluding charges related to the sale and grounding of planes, it would have lost $319 million, or $1.14 per share.
That was a narrower loss than expected. Analysts surveyed by Thomson Reuters had ...