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AMR posts USD 530m of Q3 net profit

Texas-based airline operator AMR Corp (OTC: AAMRQ) has posted a Q3 ´13 net profit of USD 530m excluding reorganisation and special items a USD 420m improvement year-over-year.

The company posted evenue of USD 6.8bn, up 6.2 % year-over-year; the highest quarterly revenue total in company history. Consolidated unit costs, excluding fuel and special items, improved 5.0 % year-over-year, marking the fourth consecutive quarter of unit cost reduction.

AMR ended the third quarter with approximately USD 7.7bn in cash and short-term investments, including restricted cash, compared to a balance of approximately USD 5.1bn at the end of the third quarter of 2012.

The company´s main airline subsidiary, American Airlines, continued its fleet renewal, taking delivery of ten Airbus A319s, eight Boeing (NYSE: BA) 737-800s, and one Boeing 777-300ER in the quarter, while also placing into service four Embraer (NYSE: ERJ) E-175s operated by one of its affiliated regional carriers.

American Airlines´ fleet of nearly 900 aircraft fly more than 3,500 daily flights worldwide from hubs in Chicago, Dallas/Fort Worth, Los Angeles, Miami and New York.

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