Originally Posted by
Dave Fitzgerald
AMR posted record profits, and we make $28 million in the 4th quarter?
Tuesday, January 27, 2015
Special Jetwire
American Airlines Group Reports Fourth Quarter and Full Year 2014 Profit
Today, American reported record 2014 net income of $4.2 billion, excluding net special charges, or $5.70 per diluted share. This is a 115 percent improvement over the Company’s 2013 net income of $1.9 billion, excluding net special charges. For the fourth quarter of 2014, we reported record net income of $1.1 billion, excluding net special charges, or $1.52 per diluted share. This is a $668 million, or a 153 percent improvement, over our fourth quarter 2013 net income of $436 million, excluding net special charges. The 2013 results above include American and US Airways on a non-GAAP combined basis.
“Our record 2014 results close out a fantastic first year for our merger. These results would not have been possible without the efforts of our more than 100,000 team members,” said Chairman and CEO Doug Parker. “You have done a great job of working together to take care of our customers and restore American as the greatest airline in the world.
“We have much to do in the year ahead as we continue to integrate two large carriers. The results we have achieved thus far, combined with our economic outlook, give us confidence that 2015 will be another outstanding year for American Airlines.”
Each quarter we put together a financial recap – or Earnings Illustrated – to help explain the Company’s income statement. Check out the 2014 full year financial recap for more details on our fourth quarter and full year results. And take a look at the news release in American’s Newsroom that has more information on key accomplishments in 2014.
Don't make the mistake of including "we" in the upper management of this company. If "we" were anywhere near as pathetically incompetent as them, there would be smoking holes and twisted metal all over the country.
TW