FILE - In this Friday, Oct. 14, 2011 photo, an American Airlines Boeing 767 takes off from Miami International Airport, in Miami. American Airlines Group Inc. releases quarterly financial results before the market opens on Thursday, April 24, 2014. (AP Photo/Wilfredo Lee, File)
April 24, 2014 - 5:45 AM
DALLAS - American Airlines is making money again and beating expectations after its merger with US Airways.
The company posted earnings of $480 million Thursday, a record for the first quarter, which is usually the weakest three-month period for airlines during the year. As separate airlines, American and US Airways lost $297 million a year earlier.
The profit works out to 65 cents per share, easily topping analyst projections for 48 cents per share.
Revenue rose 5.6 per cent to $10 billion, just below analyst forecasts of $10.02 billion.
American Airlines Group Inc., formed by the December merger, is the largest airline in the world.
Shares of the Fort Worth, Texas, carrier are higher in premarket trading.
News from © The Associated Press, 2014