Airlines cut flights as industry pushes for tariff relief amid declining demand [USA TODAY]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: USA TODAY
Industry officials have held meetings with senior members of the Trump administration including the President, asking them to restore the tariff-free regime under the 1979 Civil Aircraft Agreement, under which the sector enjoyed a $75 billion annual trade surplus. Trump's tariffs have ended its decades-old duty-free status. "Our government affairs team is hard at work on it to make the case as to why there should be a carve-out," American Airlines AAL.O CFO Devon May told Reuters. The aviation industry expects the exemption to help companies keep costs down during a sharp pullback in travel spending by consumers worried about slower economic growth and higher inflation. Airlines have been cutting flights in response to softening bookings. They have also been scrapping their financial forecasts and trying to control costs in a bid to protect margins. They are also pushing back against price increases for aircraft and parts as planemakers and engine makers seek to pass along the
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AAL
Earnings
- 10/23/25 - Beat
AAL
Sec Filings
- 12/17/25 - Form 4
- 12/16/25 - Form 144
- 12/15/25 - Form 4
- AAL's page on the SEC website