American Air parent AMR reports quarterly profit

Reuters

Oct 17 (Reuters) - American Airlines parent AMR Corp reported a quarterly profit on Thursday, helped bybankruptcy cost-cutting.

The carrier, which is looking to emerge from Chapter 11protection by merging with US Airways Group Inc, had netincome of $289 million, or 76 cents a share, in the thirdquarter, compared with a loss of $238 million, or 71 cents ashare, a year earlier.

Revenue rose 6 percent to $6.8 billion.

The U.S. Justice Department sued to block the merger inAugust, and a federal trial in the case is set to begin nextmonth.

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