AA Shows 1st Second Quarter Profit Since 2007 (US Air money)...

American Airlines parent AMR reported its first second-quarter profit since 2007 on Thursday, buoyed by cost-cutting under its Chapter 11 restructuring.
The carrier, which plans to merge with US Airways to form the world's biggest carrier later this year, said its net income for the quarter was USD$220 million, compared with a loss of USD$241 million a year earlier. On that basis, it was the first profit in the second period for the company since 2007.
Excluding special items and reorganization costs, profit was USD$357 million in the latest period, the company said.
Quarterly revenue was flat at about USD$6.45 billion.