GLASS HALF-FULL: If you exclude costs related to its bankruptcy restructuring, American Airlines parent AMR Corp. earned $95 million in the second quarter, its first profit for the period since 2007.

HALF-EMPTY: On an accounting basis, however, AMR lost $241 million, or 72 cents per share, compared with a loss of $286 million, or 85 cents per share, a year ago, before it filed for bankruptcy protection in November.

TURNAROUND UPDATE: AMR posted record quarterly revenue of $6.46 billion. Fares were up 7 percent, but the company, which includes the American Eagle regional airline, still sold 85.1 percent of its seats, another record.