Another buyout offer for the parent of United Airlines was reportedly still far off.

The parent of American Airlines posted its first profit from operations in five years, but still had a loss for the quarter.

The parent of American Airlines had record earnings of $150.3 million in the third quarter, up 72.6 percent from last year.

Allegis, the parent of United Airlines, has 58.3 million common shares outstanding.

Earnings of the the parent of American Airlines plunged 92 percent.

Directors of the parent of United Airlines agreed yesterday to sell the company to its employees for $4.38 billion, or $201 a share.

The stock had risen recently on hopes of a new bid for the company, the parent of United Airlines.

The Chicago-based parent of United Airlines declined comment on the stock action.

Arbitragers said this indicated that the parent of United Airlines was headed for some kind of deal.

AMR, the parent of American Airlines, saw its stock fall more than 7 percent.