American Airlines quarterly loss narrows

Leading US carrier American Airlines Inc on April 19 reported a narrower quarterly loss as rising fuel prices were partially offset by increasing revenue.
American, a unit of AMR Corp, posted a first-quarter loss of $92 million, or 49 cents a share, narrower than a loss of $162 million, or $1.00 a share, a year ago.
Fort Worth, Texas-based American has been trying to edge back into the black by keeping a tight reign on capacity, allowing it to fly its planes fuller and demand higher prices. AMR has also sought to get its unions involved in finding areas to cut costs and raise revenues.