Dallas • American Airlines is making money again and beating expectations after its merger with US Airways.
The company posted earnings of $480 million Thursday, a record for the first quarter, which is usually the weakest three-month period for airlines during the year. As separate airlines, American and US Airways lost $297 million a year earlier.
The profit was helped by the sale of takeoff and landing slots at Washington's Reagan National Airport. American and US Airways agreed to sell the slots to settle a government antitrust lawsuit that threatened to block the merger.