Following five years of steep losses, American Airlines parent AMR Corp. posted 2006 net income of $231 million, a reversal from a net loss of $857 million in 2005 and its first profitable year since 2000. The company earned profits in each of the year's final three quarters, including a $17 million net gain in the fourth quarter that compared to a $600 million net loss in the fourth quarter of 2005. "We executed on every facet of our turnaround plan, from bolstering our financial and ...

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