American Airlines posts record profit

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Tuesday, August 27, 2013 - 8:51am

Bankrupt American Airlines posted record monthly profits last month.  The carrier earned 349-million dollars in July. Analysts say it amounted to 292-million after reorganization costs were taken into account.

Chairman and CEO of American's parent company AMR is calling it one of the most successful turnarounds in aviation history.

AMR filed for chapter 11 bankruptcy in November 20-11.


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