American Airlines reports record third quarter profit

GMT 18:36 2014 Friday ,24 October

Arab Today, arab today American Airlines reports record third quarter profit

American Airlines reports record third quarter profit
Houston - XINHUA

The world's largest air carrier, American Airlines Group (AAG), on Thursday reported a net income of 942 million U.S. dollars for the third quarter, the highest quarterly profit in its history.
The figure marks an 87-percent surge from the 505-million-dollar combined earnings of American Airlines Inc. and US Airways Inc. -- which merged to become AAG late last year -- for the same period a year ago.
"We are very pleased to have reported a record profit for each quarter so far in 2014," AAG chairman and CEO Doug Parker said in the report. "We anticipate we will also post a record profit for both the fourth quarter and full year 2014."
"This performance reflects the strength of our merger and the commitment of our team," he added.
The Texas-based company registered a net income of 864 million U.S. dollars in the second quarter this year, also a record high then.
Also on Thursday, Southwest Airlines reported a net income of 382 million dollars excluding special items and charges, compared to 241 million dollars a year ago. It was also a record for the airline.
United Continental Holdings Inc., parent of United Airlines Inc., said it earned a record 1.08 billion dollars excluding items in the third quarter, compared to 541 million dollars last year.
Alaska Air Group Inc. said it set a record for net income excluding items and charges with 200 million dollars for the quarter, up from 157 million dollars a year ago.
JetBlue Airways Corp. posted a net income of 79 million dollars, compared to 71 million dollars last year.

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