The parent company of American Airlines said its revenue rose 6.2 percent to $6.8 billion. Its quarterly profit was a significant improvement from the $238 million loss it reported in the third quarter of 2012.
"Continued execution on our product, network and alliance strategy, combined with cost efficiencies from restructuring and fleet renewal, creates strong momentum towards our planned merger with US Airways," said AMR chief executive Tom Horton in a statement.
AMR's planned merger with US Airways is currently on hold as the two airlines fight an antitrust suit filed by the U.S. Department of Justice to stop the deal. The trial is scheduled for November 25 in federal court.
The carrier also set aside $59 million in the third quarter in expectation of making its first profit-sharing payout to employees since 2001, Horton said. The profit-sharing program was part of the union contracts negotiated during bankruptcy.
Unit revenues, a key industry metric, grew 3.4 percent in the quarter. Jet fuel costs increased slightly, up 1.8 percent to $2.2 billion.
Excluding one-time accounting items and restructuring charges, the carrier said its net profit was $530 million.
AMR ended the quarter with a cash balance of $6.8 billion not including a restricted cash balance of $935 million, a $2.5 billion improvement since the third quarter of 2012.
The carrier estimates that its consolidated capacity will increase 3.5 percent in the fourth quarter, partly due to new international flights it has added to South Korea, Mexico and Central and South America.