American Airlines First Quarter Profit Takes Off After Merger

By Paul Riegler on 24 April 2014
  • Share
An American Airlines jet at JFK

An American Airlines jet at JFK

American Airlines Group announced financial results for the first quarter of 2014.

The new American was formed by the merger of American Airlines’ parent AMR and US Airways Group late last year.

The Dallas-based carrier reported a net profit of  $480 million, compared with a combined loss of $297 million in the same period in 2013.

Combined revenue for the first quarter was $10 billion, a 5.6% year-over-year increase.

The airline said that its first-quarter adjusted earnings were helped by a gain from the sale of landing slots at Reagan National Airport, a move that was required by antitrust regulators in order to complete the merger.

Passenger revenue per available seat mile, or Prasm, rose 2.9%.

Accura News

Read previous post:
Malaysia on the Fence on Making First Flight 370 Investigation Report Public

As the search for the missing Malaysia Airlines jetliner gets close to the two-month point, the Malaysian government is debating...