When Tempe, Arizona-based US Airways announced a record US$321 million 2012 second-quarter net profit excluding special charges, up 203% from the corresponding period in 2011, it stood in sharp contrast to American Airlines’ parent AMR Inc., which reported a net loss of US$241 million despite record quarterly revenue of US$6.5 billion as well as artificially low operating costs due to AMR’s current position in Chapter 11 bankruptcy protection, which shielded …Read More