The CEO of American Airlines netted a profit of $13.4 million from selling shares and options that he accumulated while running US Airways.
Traffic and a key revenue figure are up at American Airlines and US Airways, which merged last year. The company said that traffic in January went up by 3.8 percent.
As American Airlines flies into its first year after merging with US Airways, fares are up, fuel costs are down, and the company is beating Wall Street’s profit predictions.
American Airlines is reporting a $2 billion loss for the fourth quarter because of charges mostly related to its bankruptcy reorganization and merger with US Airways.
American Airlines has announced that it will use travel-technology company Sabre to develop a single reservations system under the carrier’s merger with US Airways.
Unions for flight attendants at American Airlines and US Airways said that they have a deal which could result in both groups being governed by a single labor contract.
US Airways will move its Pittsburgh based operations center to North Texas.
To distinguish itself from the newly formed American Airlines Group, regional carrier American Eagle is changing its name to Envoy in Spring 2014.
American Airlines and US Airways next week will begin selling tickets on each other’s flights in a move toward combining fleets after their 2013 merger.
Passenger traffic and a key revenue figure rose in December at American Airlines and US Airways, echoing similar results at other big U.S. carriers.
American Airlines is giving customers a glimpse of how the airline will operate after its merger with U.S. Airways.
American Airlines says more than 60,000 employees voted and a majority want to paint red, white and blue horizontal stripes on the tails of all AA planes.