Coverage of the merger between American Airlines and US Airways

CEO: AMR Poised to Post First 2Q Profit Since 2007

Tuesday, Jul 16, 2013  |  Updated 7:16 AM CDT
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CEO: AMR Poised to Post First 2Q Profit Since 2007

Keaton Fox, NBC 5 News

Tom Horton, CEO, American Airlines.

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The CEO of American Airlines parent AMR Corp. has said the company expects to report a second-quarter profit for the first time since 2007.

Fort Worth-based AMR on Thursday reports the financial results. CEO Tom Horton has sounded increasingly bullish about the second quarter.

It could be AMR's last full quarterly report before it completes a merger with US Airways and changes its name to American Airlines Group Inc. The companies expect to close the merger -- which is still being reviewed by antitrust regulators in the Justice Department -- before the end of September.

AMR has cut labor costs by nearly one-fifth through layoffs as it has restructured under bankruptcy protection since late 2011.


American Airlines Merger:
Complete coverage of the merger between American Airlines and US Airways into the newly-formed Fort Worth-based company, American Airlines Group (AAL). Click here for more.

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