American Airlines has turned in a very respectable 3rd quarter profit of $289 million and say they would have made much, much more if bankruptcy costs hadn’t gotten in the way.  I continue to respond that one time charges and bankruptcy costs happen and should be considered in results.

We’re nearing the second anniversary of American Airlines’ bankruptcy and it is good to see the profits and also see that a significant amount of money has been set aside for employee profit sharing.

It also makes me feel particularly bad for the US Airways employees because the delay in the merger has yanked away the economic benefits they would be experiencing as a result of the airlines’ success together.

Filed under: Airline News by ajax
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