Is it a vast cash machine, is it a Federal Reserve printing press – No it’s AAL!

American Airlines Group (AAL) revenue is up 2.2% but RPKs are down 1% while ASKs are up 1.7%, operating expenses are down 4.1% while fuel costs fell 17.3%. AAL has reported record fourth quarter 2014 net profit excluding net special charges of $1.1bn, which is a 153% year-on-year increase. GAAP net profit of $597 million from a GAAP net loss of $2.0 billion in the fourth quarter 2013. 2014 net profit excluding net special charges came in at a record $4.2bn, up 115% year on year. For full year 2014, GAAP net profit was $2.9 billion, compared to a full