American Airlines reports record second quarter profit, declares first dividend since 1980

NEW YORK - American Airlines Group, the holding company for American Airlines and US Airways, has announced a second quarter 2014 non-GAAP net profit (excluding net special charges) of US$1.5 billion, a record for any quarter in the history of American Airlines. Second quarter 2014 GAAP net profit was a record $864 million.

American also announced a capital deployment programme, including more than US$2.8 billion in debt and aircraft lease prepayments, a US$1 billion share repurchase programme, initiation of a quarterly cash dividend, and US$600 million in additional pension contributions
As part of the programme, American’s Board of Directors declared a dividend of US$0.10 per share for shareholders of record as of August 4, 2014. The cash dividend is the first declared by American since 1980. www.aa.com (ATI).