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.
Copyright AP - Associated Press
