American Airlines reported a record quarterly profit of $1.3 billion


NEW YORK, January 29. /Corr. Alexey Kachalin/. Net profit of the largest American Airlines in the fourth quarter of 2015 reached $1.3 billion, or $2 per share, compared with $1.1 billion ($1,52 per share) for the same period of the previous year. Before taxes this figure was a record high $for 3.28 billion.

For the entire 2015 airline profits reached $6.3 billion ($7.6 billion before taxes). It is also a record in the history of American Airlines.

“American Airlines have never earned so much. In fact, we are talking about the highest profits in the history of the industry”, – stressed in this regard, the head of the airline Doug Parker.

According to Friday’s report, American Airlines, in the fourth quarter of last year revenues fell 5.2% to $9,63 billion and the airlines compensated for this decline by saving of fuel of approximately $1.1 billion is largely due to the decline in world prices for oil and oil products, which has been observed since the middle of 2014.