American Airlines Group, parent of merging carriers American Airlines and US Airways, reported net income of $480 million for the three months ended March 31—the first reporting period for the combined entity. The net profit reverses a combined net loss of $297 million in the 2013 first quarter, comprising a $341 million net loss for standalone American and a $44 million net profit for standalone US Airways. In its earnings report released Thursday, American revealed it received $381 ...

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