Reuters: Bankruptcy News: American Air parent AMR reports quarterly profit

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American Air parent AMR reports quarterly profit Oct 17th 2013, 13:11 Thu Oct 17, 2013 9:11am EDT Oct 17 (Reuters) - American Airlines parent AMR Corp reported a quarterly profit on Thursday, helped by bankruptcy cost-cutting. The carrier, which is looking to emerge from Chapter 11 protection by merging with US Airways Group Inc, had net income of $289 million, or 76 cents a share, in the third quarter, compared with a loss of $238 million, or 71 cents a share, a year earlier. Revenue rose 6 percent to $6.8 billion. The U.S. Justice Department sued to block the merger in August, and a federal trial in the case is set to begin next month.

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