www.Parctel.com: AMR Corporation, the parent company of American Airlines, Inc., today reported a net profit of $81 million for the first quarter of 2007, or $0.30 per diluted share.
The current quarter results compare to a net loss of $92 million, or $0.49 per diluted share, in the first quarter of 2006.
“In spite of significant weather challenges, we continued to build on our momentum by generating a profit in the first quarter. This is our fourth consecutive profitable quarter and the first time we have generated a profit in the first quarter since 2000,” said AMR Chairman and CEO Gerard Arpey. “We strengthened our balance sheet and liquidity, took a key step in our fleet renewal plan and reinvested in our products and services. While we must continue to improve our financial performance, we believe our results show that we have started 2007 on the right track.”
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