Third-quarter net profit of $169 million, or $0.25 per diluted share. Excluding net special items1, third-quarter net loss of $641 million, or ($0.99) per share.
Only in corporate America can they call a $641M loss a $169M profit on paper, then pop the corks.
Things don't look good long term over there. Almost every other airline is on the brink of breaking even, without the government cheese.