Nothing is more demonstrative of the US airline industry’s dramatic turnaround than the current state of American Airlines, which has become one of the world’s best performing airlines less than a year-and-a-half after emerging from Chapter 11 bankruptcy protection. The Dallas/Fort Worth-based airline posted a $932 million first-quarter net profit, nearly doubling net income of $480 million in the 2014 March quarter. That result further validated American’s ...

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