American Airlines sees drop in 1Q profit on rising fuel prices
Credit: Rob Finlayson
American Airlines reported a 45.2% year-over-year (YOY) drop in first-quarter net income from $340 million to $186 million as soaring fuel costs overwhelmed an otherwise positive business environment for the Dallas/Fort Worth-based carrier. American’s first-quarter revenue rose 5.9% YOY to $10.4...
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