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Entries in Financial Earnings (2)

Thursday
Oct212010

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

Wednesday
Oct202010

US Airways Reports Highest Third Quarter Revenue in the Company's History

Photo Courtesy - US Airways(TEMPE, Ariz.) -- US Airways Group, Inc. Wednesday released its third-quarter financial earnings.  According to the report, the airline recorded a net profit of $240 million, the highest third-quarter net profit in the company's history.  Additionally, the company reports that its employees earned $7 million during the quarter.

US Airways Group, Inc. Chairman and CEO Doug Parker stated, "Reporting a record third-quarter profit speaks volumes about the efforts of our 31,000 team members."

Parker noted that the last three years have been particularly challenging for the airline, but he is pleased with the company's "swift and decisive" response.

US Airways also recently announced that it will recall approximately 300 pilots and flight attendants from furlough status, which Parker says will supplement US Air's international flying in 2011 and accommodate normal attrition.

Copyright 2010 ABC News Radio







ABC News Radio