American Airlines Group Inc. achieved a "record profit in our first full quarter as a merged company"

following the December combination of American and US Airways, according to company CEO Doug Parker. At $480 million, net income improved by $777 million versus the combined $297 million in losses reported for the first quarter of 2013 by standalone American and standalone US Airways. The combined company also reported "record" first-quarter passenger yield and passenger unit revenue, up 3.2 percent and 2.9 percent, respectively, from the prior-year period. Total combined passenger income increased 5 percent to $8.7 billion.