AMR Corp.'s first-quarter loss narrowed amid fewer reorganization-related charges, but excluding those expenses, merger-related charges and other items, the parent of American Airlines showed a profit, the Wall Street Journal reported today. The first quarter historically is the weakest for the airline industry, due to seasonally lower demand. So AMR CEO Tom Horton said that he was pleased to report an $8 million profit, excluding $349 million of one-time reorganization and restructuring items. On a net basis, AMR narrowed its first-quarter net loss to $341 million from the year-earlier net loss of nearly $1.7 billion, or a loss was $248 million, leaving out about $1.4 billion in restructuring and other charges.
