“We are pleased to report a profit for the third quarter, which represents the first time in nearly six years that we have recorded a profit in two consecutive quarters,” said AMR Chairman and CEO Gerard Arpey. “These results show continuing improvements in the Company’s core business operations, even in the face of new challenges. But we also have more hard work ahead of us as we build a company that is better positioned for long-term success. ”This is a positive sign as the third quarter is usually the slower of the quarters. The cost restructuring, employee concessions and creative ways of reducing costs has helped the airline survive.
Other major carriers report later this month.
American Airlines Press Release
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