American Airlines Lowers Guidance Due to Rising Fuel Prices
Higher fuel prices due to the war in Iran are weighing on American Airlines.
The carrier lowered its full-year earnings target even after beating on earnings for the quarter.
Bloomberg's Siddharth Phillip reports. (Source: Bloomberg)
Lufthansa and American Airlines Cut Flights
- Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and supplies ABC News —
- American Airlines says soaring price of jet fuel will cost it $4bn this year The Guardian —
- American Airlines cuts profit prediction amid high fuel prices, following industry trend Washington Examiner —
- American Airlines Cuts Profit Outlook After Fuel Prices Soar Wall Street Journal —
- American Airlines Cuts Profit Outlook After Fuel Prices Soar Wall Street Journal —