American Airlines Parent Reports 3Q Profit

Carrier Reported Net Income Of $45 Million

The parent of American Airlines said despite higher fuel costs, it earned a profit in the third quarter, helped by the sale of an investment subsidiary.

The carrier reported net income of $45 million on Wednesday. A year ago, AMR earned $175 million, or 61 cents per share.
But without the one-time gain and other items -- as analysts view companies -- AMR Corp. would have lost $360 million, or $1.39 per share.

Analysts expected the company to lose $1.40 per share, according to a survey by Thomson Reuters.

Revenue rose to $6.42 billion from $5.95 billion a year ago. Analysts expected $6.34 billion for the quarter that ended Sept. 30.

Copyright AP - Associated Press
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