AMR Climbs Out of the Red

The parent of American Airlines posted its first annual profit in five years on Wednesday

It's been a long time since anyone could write this: American Airlines posted an annual profit. Okay, it was a small one and it took five years. But big U.S. airlines have struggled for so long -- bedeviled by a high cost structure, fuel spikes, and a post-September 11 travel slump -- that the Jan. 17 announcement by American Airlines' parent AMR Corp.'s (AMR) seemed like a small triumph.

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