Procurement
American Airlines parent AMR Corp. posted a second-quarter profit of $95 million excluding reorganization items,
marking the "first second-quarter profit in five years," according to chairman and CEO Tom Horton. Bankrupt AMR also reported a 5.5 percent increase in total revenue to $6.5 billion, "the highest quarterly revenue in company history," Horton noted. "This improvement reflects only a fraction of our ongoing restructuring progress." Passenger revenue per available seat mile jumped 9.1 percent, and passenger yield—a representation of average fare paid—increased 7.1 percent. AA also noted that "premium cabin demand improved significantly in both the Atlantic and Pacific entities." Meanwhile, the carrier's second-quarter capacity declined 2.4 percent year over year while load factor increased to 84.5 percent, "a record for any quarter as well."