American reports 2Q net profit down 35.5% on higher fuel costs
Credit: Rob Finlayson
Despite generating more revenue than in any quarter in its history, a significant increase in fuel costs drove American Airlines’ second-quarter net profit down 35.5% year-over-year (YOY), leading the carrier to scale back capacity growth, defer 22 Airbus A321neo deliveries and make changes to its...
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