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AA Posts 2Q Profit of $291 million

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  • AA Posts 2Q Profit of $291 million

    Great job by AA. The employees sure worked hard for this one. According to the article, they paid $374 million more for fuel compared to last year - ouch.

    FORT WORTH, Texas, July 19 /PRNewswire-FirstCall/ -- AMR Corporation AMR, the parent company of American Airlines, Inc., today reported a net profit of $291 million for the second quarter of 2006, or $1.14 per share fully diluted, compared to a profit of $58 million or $0.30 per share fully diluted, in the second quarter of 2005.

    "We are pleased to have earned a quarterly profit -- just our second in the last 22 quarters without the benefit of special items," said AMR Chairman and CEO Gerard Arpey. "Our performance indicates very clearly that we are on the right track, but also demonstrates -- just as clearly -- that we have more work to do to return our company to financial health."
    Bama sux, War Eagle!

  • #2
    hey good for them. Hopefully more airlines can turn a profit this quarter too.


    • #3
      My Flickr Pictures! Click Me!


      • #4

        Certainly good news for AA, they sure are doing very good. And given those fuel costs, it's absolutely no wonder AA is going to equip their entire 757 fleet with winglets.