American Airlines Group reports record fourth quarter net income of US$597m

For the fourth quarter 2014, American Airlines Group reported a record GAAP net profit of US$597m. This compares to a GAAP net loss of US$2.0bn 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 US$2.9bn, compared to a full year 2013 GAAP net loss of US$1.8bn for AMR Corporation, which includes the results for US Airways only for the period from the completion of the merger on December 9th, 2013, through December 31st, of 2013.