AMR Profit Seen Leading Airlines in Doubling Net Income
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American Airlines parent AMR Corp. posted third-quarter net income of $289 million today, leading off earnings reports for U.S. carriers whose profits may have doubled on stronger travel demand.
The Bloomberg U.S. Airlines Index rose to the highest level in almost six years after AMR’s results. Net income at the six biggest carriers will be $2.6 billion, according to Savanthi Syth, an analyst at Raymond James Financial Inc., after $1.12 billion a year earlier. She said planes stayed full into the usually slower month of September.