New York, NY -- (ReleaseWire) -- 04/30/2013 --Eastman Kodak Co. (OTC:EKDKQ) reported $283 million in consolidated net earnings in the first quarter of 2013, compared to a $366 million loss in the prior-year quarter. The profitable quarter reflects improved results of the Commercial Imaging segments and includes a $535 million gain recorded on the sale of Kodak’s digital imaging patent portfolio, partially offset by a $77 million non-cash goodwill impairment charge related to the patent sale.
Both of the company’s Commercial Imaging segments recorded significant improvements in segment earnings. The Digital Printing and Enterprise (DPE) segment reported a segment loss of $8 million for the quarter, an improvement of $81 million from the $89 million segment loss in the prior year quarter.
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AMR Corporation (OTC:AAMRQ) reported that American Airlines Cargo, a division of American Airlines, has been named the Best Cargo Airline of the Americas for the sixth consecutive year by readers of Air Cargo News, the world's leading air cargo industry publication.
The award, which is considered one of the most important honors in the industry, is based on the voting results of more than 25,000 supply-chain professionals.
Kenji Hashimoto, president of American Airlines Cargo said "It's a tremendous honor to receive this award, especially because it's voted on exclusively by customers." He added "This award is really a reflection of all of the hard work of our worldwide cargo team, and it inspires us to continue raising the bar to deliver industry-leading products and services for our customers."
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