AMR Corp. reported a first-quarter loss that...

AMR Corp. reported a first-quarter loss that was less than half what analysts expected. The Ft. Worth-based parent company of American Airlines reported a net loss of $22 million, or 43 cents a share, for the quarter ended March 31, compared to profit from continuing operations of $8 million, or 10 cents a share, for the first quarter of last year. The 1992 results don’t include accounting changes of $595 million. Including the charges, the airline reported a net loss of $452 million, or $6.15 a share. In a statement, AMR Chairman Robert Crandall said that although the first-quarter loss was less than expected, the airline continued to be hurt by fare wars and depressed economies worldwide. Revenue for the quarter rose 8.8%, to $3.81 billion, from $3.51 billion a year ago. AMR stock moved up $6 per share to close at $71.25 on the NYSE.