NEWS American Airlines reports record profit following US Airways merger

American Airlines Group has reported a record GAAP net profit of $597 million for the fourth quarter of financial 2014. This compares to a GAAP net loss of $2 billion in the fourth quarter 2013, which includes the results for US Airways only for the period from the completion of the merger on December 9th, 2013, through December 31st, 2013. For full year 2014, GAAP net profit was $2.9 billion, compared to a full year 2013 GAAP net loss of $1.8 billion for AMR Corporation, which includes the results for US Airways only for the period from the completion of the merger.

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