American Airlines cuts profit outlook

The airline now expects full-year adjusted earnings per share to range from -$0.40 to $1.10, a sharp decline from its previous projections.

To offset the fuel shock, American plans to raise fares, a move that could dampen demand during the peak summer travel season.

Despite record demand for air travel, the industry is struggling with supply chain disruptions and longer flight routes to avoid conflict zones.

Analysts suggest that the global energy market's volatility will continue to force airlines to adjust their schedules and pricing strategies.