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American Airlines Reports First Profitable Third Quarter Since 2007

Photo Courtesy - PRNewsFoto | American Airlines(FORT WORTH, Texas) -- AMR Corporation, the parent company of American Airlines, Inc., reported its third quarter financial earnings Wednesday.  According to the report, the company netted $143 million in profits, marking its first profitable quarter since 2007.

The figures are significantly improved compared to a net loss for the company of $359 million for the third quarter of 2009.

"We are pleased to report our first profitable quarter, excluding special items, since the third quarter of 2007," said AMR Chairman and CEO Gerard Arpey. "While there is clearly much more work to do, our results show significant improvement in revenue and reflect our continued dedication to controlling costs."

Arpey also mentioned American Airlines having recently launched Joint Business in the trans-Atlantic with British Airways and Iberia, as well as a "forthcoming opportunity" with Japan Airlines in the Pacific. 

These new opportunities, along with the strengthening of its cornerstone hubs, has allowed American Airlines to announce the recall of 545 flight attendants and 250 pilots from furlough status earlier this month.

Copyright 2010 ABC News Radio

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