AMR parent of American Airlines swings to 289M 3Q profit by boosting

AMR, parent of American Airlines, swings to $289M 3Q profit by boosting revenue, cutting costs AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email DALLAS – After years of losses, American Airlines is making money by boosting revenue and cutting labour costs.Parent company AMR Corp. said Thursday that it earned $289 million, or 76 cents per share, in the third quarter. That’s a turnaround from a loss of $238 million, or 71 cents per share, a year earlier.Adjusted profit is a record $530 million. That figure doesn’t include bankruptcy-reorganization costs and other special items.Revenue is up 6 per cent, as passengers pay more per mile to fly. Labor costs are down 13 per cent from a year ago.American and US Airways plan to merge if they can win or settle an antitrust lawsuit filed by the U.S. Justice Department. by The Associated Press Posted Oct 17, 2013 7:30 am MDT

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