American Airlines posts $483 million profit for late summer

By DAVID KOENIG
AP Airlines Writer

DALLAS (AP) — American Airlines is reporting a $483 million profit for the third quarter, as planes were mostly full and fares were higher over the hectic summer months. American says demand for travel remains strong, and it forecast better fourth-quarter results than Wall Street was expecting. American is repeating many of the same upbeat themes sounded in the last few days by United Airlines and Delta Air Lines. U.S. air travel is roaring back from pandemic lows in early 2020. That’s happening despite a 43% leap in airfares over the past year, according to government figures.