But American Airlines Group Inc. said its revenue slipped 1.7% to $9.83 billion due to increasing competition, the strong U.S. dollar and economic softness in Latin America.
The nation's largest carrier joined other airlines, including
American, with 577 aircraft in its fleet, said fuel costs in the three months ended March 31 tumbled 43% from a year earlier to $1.54 billion.
The Fort Worth, Texas-based airline is continuing to consolidate its operations with those of
American said first-quarter profit soared to $932 million from $480 million a year earlier.
Excluding special items totaling $311 million, including costs related to the merger, American's earnings equaled $1.73 a share. That bested the $1.70-a-share estimate of analysts polled by Factset Research.