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American Airlines posts first quarter profit

The tail sections of a newly designed American Airlines aircraft (L), a US Airways aircraft (C) and a traditional American Airlines aircraft
The tail sections of a newly designed American Airlines aircraft (L), a US Airways aircraft (C) and a traditional American Airlines aircraft

(Reuters) - American Airlines Group , the world's largest carrier formed in a late 2013 merger, on Thursday reported a profit of $480 million, or 65 cents a diluted share, for the first quarter.

The profit compared with a loss of $341 million a year earlier, which reflects results of AMR Corp prior to the merger with US Airways Group.

Quarterly revenue was nearly $10 billion.

(Reporting by Karen Jacobs in Atlanta)

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