American Airlines CEO Says Fuel Prices Wiped Out Gains From Strongest Revenue Growth of His Career
American Airlines beats Q3 estimates with $16.33B revenue, but soaring fuel costs widen losses and force a full-year guidance cut.
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Why It Matters
American Airlines made more money than expected this quarter. But fuel got so expensive that it wiped out all those gains and made losses bigger.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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