Procurement
American Airlines parent AMR Corp. reported a $289 million third-quarter net profit, swinging from a $238 million loss in the prior-year period.
Excluding expenses related to its ongoing bankruptcy reorganization and other special items, AMR posted a $530 million third-quarter profit. Consolidated passenger revenue was up 6 percent to $6 billion, "the highest quarterly passenger revenue in company history," according to a company statement. Chief commercial officer Virasb Vahidi cited "strong performance at our domestic hubs" as well as on Atlantic and Caribbean routes. Passenger unit revenue grew 3.4 percent year over year to an "all-time" quarterly record of 13.79 cents per available seat mile. Representing gains in pricing, passenger yield grew 4 percent year over year.