In addition, the company raised profits during the quarter by cutting its spending on research and development 26 percent, to $361 million.
Other things being equal, an increase in lending raises profits and the supply of money.
So if the economy slows, he argued, they will find it hard to raise profits.
However in his first two years he raised profits above target and delivered significant cost savings.
All other things being equal, that would raise reported profits.
One way to improve the stock price would be to cut costs and raise profits.
The move is a further effort to cut excess capacity and raise profits.
American's chairman wants more control over work rules because lowering labor costs is the best chance he has to raise profits.
All are looking for new ways to raise profits.
"But it's stupid to run a business to raise profits simply by moving money around."