compared with the $1.1 billion loss posted a year earlier. Fourth-quarter results included "a $280 million benefit from settlement of a commercial dispute," according to the company, which did not elaborate. When settling their antitrust case in October, American and Sabre jointly stated that "
American will receive a monetary payment from Sabre." Excluding all one-time items, the company's fourth-quarter loss of $88 million represented a $121 million year-over-year improvement. Quarterly consolidated passenger revenue rose 4.8 percent to $21.7 billion. The company noted a $155 million revenue hit from "the combined effects of Hurricane Sandy, the November snowstorm in the Northeast and the booking headwind from the earlier operational disruption." For the full year, overall revenue of $24.9 billion was "the highest in company history." AMR's full-year 2012 net loss of $1.9 billion included $1.7 billion of "net negative reorganization and special items." Excluding those one-time costs, the full-year net loss narrowed to $130 million from $932 million.