American Airlines CEO warns that higher fares are coming [MSN Money]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: MSN Money
Rising fuel costs are eating into airline profits, dampening expectations for the rest of 2018, and setting the stage for higher fares. Quotes in the article American Airlines Group Inc AAL ? 43.18 -2.10 -4.64% Fuel is the airlines' second-biggest expense after labor, so when it rises — at American it was up 40 cents a gallon from a year ago — so does the cost of providing air travel, says American Airlines CEO Doug Parker. If indeed this is where fuel prices are going to stay, I would expect you would see higher fares to consumers over time, Parker said Thursday on a call with analysts and reporters. American blamed higher fuel prices for a 45 percent drop in first-quarter profit, to $186 million. The world's biggest airline cut its forecast of earnings for the year, and shares fell $2.69, or 6 percent, to $42.56 in trading shortly after the opening bell on Wall Street. American has replaced many of its gas
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AAL
Earnings
- 1/25/24 - Miss
AAL
Sec Filings
- 4/11/24 - Form PRE
- 3/12/24 - Form 8-K
- 3/5/24 - Form 8-K
- AAL's page on the SEC website