American Airlines suffers more losses

American Airlines suffers more losses       AMR Corp., parent company of American Airlines Inc., Wednesday reported a fourth-quarter net loss of $387 million, compared to a loss of $111 million for the same period in 2003.
   For the year, though, AMR narrowed its net loss to $761 million, from a loss of $1.2 billion in 2003.
   AMR’s cargo revenue for 2004 increased 12 percent to $625 million. For the year ended Dec. 31, cargo ton miles increased 10 percent to 2.2 billion, from 2 billion in 2003.
   “As expected, the fourth quarter proved to be a disappointing end to a very difficult year,” said Gerard Arpey, AMR chairman and chief executive officer. “AMR’s results for the fourth quarter of 2004 reflect the economic woes that plagued the airline industry throughout 2004 — in particular, high fuel prices and a tough revenue environment.”
   During the fourth quarter, AMR paid 59 cents, or 67 percent more per gallon of fuel than it did during the same period in 2003.