US Airways

American Airlines reports record profit, again

American Airlines reports record profit, again

The world's largest airline company reported a record profit in the third quarter, thanks mostly to a steep drop in fuel costs and continued growth in demand.

American Airlines Group on Friday reported $1.7 billion in net income, or $2.49 per share, an 80% increase over the same period last year. Not counting special charges, the airline company earned $1.9 billion, a record profit for any quarter for the company.

That's the second quarter in a row that the Fort Worth-based carrier set a new profit record. During the second quarter, American also reported a record $1.9 billion in earnings, a 27% increase over the same quarter in...