The parent company of American Airlines, AMR Corporation, has reported a quarterly profit, reversing a year-ago loss, as it flew fuller planes and charged higher fares.
The biggest US carrier said profit was $81m in the first quarter, compared with a loss of $92m in the same quarter of 2006.
AMR is the first major U.S. airline to report first-quarter earnings. Its profit may set the tone for the industry, which endured high numbers of weather-related cancellations in the first three months.
AMR reported revenue of $5.4 billion, a gain of 1.6 percent from the year-ago period. AMR paid $1.4 billion for fuel in the first quarter, compared with $1.5 billion a year ago.
