American Airlines on Pace for Record Annual Profit
Less than three months after its rebirth, American Airlines Group Inc. (AAL) is on pace for a record annual profit, according to analysts surveyed by Bloomberg. The consensus estimate of $3.5 billion would put it ahead of the $2.2 billion tally for Delta Air Lines Inc. (DAL) and the $1.7 billion for United Continental Holdings Inc. (UAL).
American CEO Doug Parker sees $1 billion in new revenue and savings by 2015, which would also put the airline ahead of its merger-built rivals. Neither Delta nor United reached $1 billion in new revenue and savings until the second full year of their mergers.