American Airlines post improved Q1 results

American Airlines Group, parent of American Airlines and US Airways, has posted a net income of $480 million for the three months ended March 31. The results reverse a combined net loss of $297 million in 2013 for the merged airline – this comprises a $341 million net loss for American and a $44 million net profit for US Airways. Combined revenue for the airline rose 5.6% to $10 billion, while expenses during the period decreased 0.3% year-over-year to $9.27 billion, which resulted in an operating profit of $730 million. American’s income was boosted by $381 million it received from