American Airlines Group reports second quarter net income of US$803m

American Airlines Group has reported its second-quarter 2017 results, including a second-quarter 2017 pre-tax profit of US$1.3bn, or US$1.5bn excluding net special items. Net profit was US$803m compared to US$950m the previous year. American Airlines Group reported a 7.2% increase in total revenue, to US$11.1bn and a 5.7% increase in total revenue per available seat mile (TRASM). The Group returned US$500m to stockholders in the second quarter through the repurchase of 10.0 million shares for US$450m and dividends of $50m.