American Airlines Group reports third quarter profit

For the third quarter 2014, American Airlines Group reported a record GAAP net profit of $942m. This compares to a GAAP net profit of $289m in the third quarter 2013 for AMR Corporation prior to the merger. Third quarter 2014 net profit excluding net special charges was a record $1.2bn. This represents a 59% improvement over the combined non-GAAP net profit of $771m excluding net special charges for the same period in 2013. The Company’s third quarter 2014 pretax margin excluding net special charges was 11%.