UPDATE on earnings: US Airways' big profit, AMR loses

Today's airline industry second-quarter earnings reports start with US Airways, which had its second-highest quarterly profit since 2005, and American, which lost just a little, a big improvement compared with a year ago. Here is the preview of the industy's earnings season from today's Inquirer. Staffer Linda Loyd's story on US Airways is here. It includes mentions toward the end of earnings of AMR Corp. and AirTran's parent AirTran Holdings.

In the first full story on the wires, here's a report on how AMR, American's parent., narrowed its loss.