DALLAS (October 17, 2013)--After years of losses, the parent company of American Airlines is making money by boosting revenue and cutting labor costs.
AMR Corp. said Thursday that it earned $289 million, or 76 cents per share, in the third quarter, a turnaround from a loss of $238 million, or 71 cents per share, a year earlier.
Adjusted profit is a record $530 million.
That figure doesn't include bankruptcy-reorganization costs and other special items.
Revenue is up 6 percent, as passengers pay more per mile to fly.
Labor costs are down 13 percent from a year ago.
American and US Airways plan to merge if they can win or settle an antitrust lawsuit filed by the U.S. Justice Department.