American Airlines Group Inc (AAL)

[PinkBu]

First profit since 2007!

http://www.nbcdfw.com/news/business/CEO-AMR-Poised-to-Post-First-2Q-Profit-Since-2007-215652911.html

The CEO of American Airlines parent AMR Corp. has said the company expects to report a second-quarter profit for the first time since 2007.

Fort Worth-based AMR on Thursday reports the financial results. CEO Tom Horton has sounded increasingly bullish about the second quarter.

It could be AMR's last full quarterly report before it completes a merger with US Airways and changes its name to American Airlines Group Inc. The companies expect to close the merger -- which is still being reviewed by antitrust regulators in the Justice Department -- before the end of September.

AMR has cut labor costs by nearly one-fifth through layoffs as it has restructured under bankruptcy protection since late 2011.