American Airlines parent AMR Corp. reported first-quarter net income of $81 million, reversed from a net loss of $92 million in the year-ago period, marking its fourth consecutive profitable quarter and its first opening quarter in the black since 2000. The carrier overcame poor weather that forced it to cancel 3% of mainline flights, leading to an estimated $60 million reduction in revenue. Chairman and CEO Gerard Arpey said he was pleased that the "momentum" from a profitable 2006 carried ...

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