American Airlines has topped $10 billion in combined net profits for 2015 and 2016, earning net income of $2.7 billion in 2016 following a net profit of $7.6 billion in 2015. Though net income was down 64.8% in 2016 compared to 2015, significant non-cash income tax provisions related to valuation in each year skews year-over-year comparisons. Dallas/Fort Worth-based American reported a non-cash tax charge of $1.6 billion in 2016 while it gained a $3 billion tax benefit in 2015. On a pre-tax ...

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