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 ...

Subscribe to Access this Entire Article

"American reports $81 million first-quarter profit, fourth straight period in black" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.