AMR Corp. posted a first-quarter net loss of $375 million

American Airlines parent , wider than the $341 million net loss from a year earlier. "Corporate account revenue continues to be challenged, with year-over-year revenue decline greater than the system average," according to CFO Tom Horton. However, in a letter to employees, CEO Gerard Arpey wrote, "Even with the slowing economy, we have picked up some significant new corporate accounts in the last few months."