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Press Release

FORT WORTH, Texas -- American Airlines Group Inc. (NASDAQ: AAL) today reported its second quarter 2014 results.

Second quarter 2014 non-GAAP net profit excluding net special charges was $1.5 billion, a record for any quarter in the history of American Airlines

Second quarter 2014 GAAP net profit was a record $864 million

The Company also announced a capital deployment program, including over $2.8 billion in debt and aircraft lease prepayments, a $1 billion share repurchase program, the initiation of a quarterly cash dividend, and $600 million of additional pension contributions

As part of the program, American's Board of Directors declared a dividend of $0.10 per share for shareholders of record as of August 4, 2014. The cash dividend is the first declared by American since 1980

For the second quarter 2014, American Airlines Group reported a record GAAP net profit of $864 million. This compares to a GAAP net profit of $220 million in the second quarter 2013, for AMR Corporation prior to the merger. The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding special charges and on a combined basis, which is a non-GAAP formulation that combines the results for AMR Corporation and US Airways Group.

On this basis, second quarter 2014 net profit excluding net special charges was $1.5 billion, a record for any quarter in the history of the Company. This represents a 114 percent improvement over the combined non-GAAP net profit of $681 million excluding net special charges for the same period in 2013. See the accompanying notes in the Financial Tables section of this press release for further explanation of this presentation, including a reconciliation of GAAP to non-GAAP financial information.

"We are very pleased to report the highest quarterly profit in the history of American Airlines," said Chairman and CEO Doug Parker. "Our merger is off to a great start and our 100,000 team members are doing a wonderful job working together to take care of our customers.

"We are also pleased to announce a capital deployment program that reduces our debt, provides additional pension contributions and returns capital to shareholders. The fact that we are able to implement this program while still funding our significant product improvements, fleet renewal program and integration costs is further evidence of the success of our merger.  We have much hard work ahead, but we are extremely encouraged by the great work being done by our team members."

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COMMENTS
7 comment(s)
Written by: ColonialZone, 4 Aug 2014 2:17 PM
From: Dominican Republic
How is this news. What does this have to do with the Dominican economy. All this means, is the tourist are traveling, but not to DR. Did the DR government tourist agency ask DT to post this, to give the impression tourist are coming here.
Written by: chillinout, 4 Aug 2014 7:34 PM
From: Dominican Republic
Thank the bankruptcy laws. It's easier to make profits when you eliminate most of your bills, screw the retirees, and take from employees.

World ranking just out says U.S. carriers are the most profitable in the world but the least pleasant to fly on as a passenger. It i so true.
Written by: laman00, 4 Aug 2014 9:25 PM
From: United States, Los Angeles CA
DOMINICAN TODAY with all do respect of all the interesting news out there you post something that is irrelevant to DR, however it wouldnt be much to ask if you can provide us some of the world news, from time to time!!
Written by: Perception, 4 Aug 2014 10:24 PM
From: United States
HU' MAN HU' MO(R) EL'EC"T"I'ON.


Constitution Amen'D'MEN"T" No.1 (YES) No

"No Farmers No Food" By Rural Area "Restoration" Council.

Constitution "AMEN'D'MEN"T" No.5 YES (NO)

L is "TEN" "MAN" BO(X)ER WITH "ARMS".


Constitution Amen'D'MEN'T' No. 6 (YES) No

Be"T'we'en "OUR" Kingdoms and Work "T'HE(IR)" is A "Road".


Constitution Amen'D'MEN'T' No.7 (YES) No

A Nation/State "CAN BE JUDGED" By "HOW" 'he "TREATS T'HEIR" W A R R I O R S after T'he Fight is "D' O N E".

Constitution Amen'D'MEN'T' No. 8 (YES) No.

"Court Ordered Only".*



'he rest I don't K'now 'he "L I E R S".



Note: Use "Your" Judge'MEN'T".....!!!



P.S: "Coat with TWO ARMS"





L00King.***
Written by: Perception, 4 Aug 2014 10:35 PM
From: United States
"Robert Lloyd "Bob" Crandall".

Born December 6, 1935 Westerly, Rhode Island is the former president and chairman of

"A M E R I' C A N - A I R L I N E S".


The "ON TIME" Machine.*



HE "ONE" of My "T U 'T' O R".!!!



Thank "YOU".




L00K.***



Written by: ohhhvictor, 5 Aug 2014 8:46 AM
From: United States


I used USAirways 8 times in the last 3 months..A subsidiary of AA.It was pack all those days..Really pack..So, believe me, this story is true
Written by: ColonialZone, 5 Aug 2014 2:45 PM
From: Dominican Republic
I am sure the story is true. Especially if you consolidate and pack them in with less flights. Know one doubts their profits.
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