American Airlines says soaring price of jet fuel will cost it $4bn this year

The Guardian The Guardian —

Fuel crisis from Middle East conflict could push airline into losses as it looks to offset costs with higher fares

The soaring price of jet fuel will cost American Airlines another $4bn this year, the carrier has said, wiping out forecast profits.

The airline, the world’s largest by passengers flown, said that the fuel crisis from the US-Israel war on Iran could push it into losses during 2026, having forecast profits approaching $1.8bn before bombing started.

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