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Stockreport

Soaring jet fuel costs slam airlines, sending airfares higher and profits lower [Los Angeles Times (CA)]

American Airlines Group, Inc. (AAL)  More Company Research Source: Los Angeles Times
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: americanairlines.gcs-web.com/investor-relations
Meanwhile, the airline industry's top global trade group warned that soaring energy costs could nearly halve profits in 2026. Since conflict erupted in the Middle East earlier this year after the U.S. and Israel launched strikes on Iran, much of the shipping traffic through the Strait of Hormuz — a critical oil transit route bordering Iran — has remained effectively halted, pushing up the price of oil and jet fuel. In an effort to contain costs, airlines around the world have raised airfares and fees, cut other perks and canceled flights or trimmed schedules. U.S. carriers spent nearly $6.5 billion on fuel in April, compared with about $3.6 billion a year earlier, according to the Bureau of Transportation Statistics. Fuel consumption in April totaled 1.573 billion gallons, down slightly from 1.575 billion gallons a year earlier. The latest figures came as the International Air Transport Association released a report on Sunday saying it now expects airlines worldwide to earn a [Read more]
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Stockreport

Soaring jet fuel costs slam airlines, sending airfares higher and profits lower [Los Angeles Times (CA)]

American Airlines Group, Inc.  (AAL) 
More Company Research Source: Los Angeles Times
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: americanairlines.gcs-web.com/investor-relations
Meanwhile, the airline industry's top global trade group warned that soaring energy costs could nearly halve profits in 2026. Since conflict erupted in the Middle East earlier this year after the U.S. and Israel launched strikes on Iran, much of the shipping traffic through the Strait of Hormuz — a critical oil transit route bordering Iran — has remained effectively halted, pushing up the price of oil and jet fuel. In an effort to contain costs, airlines around the world have raised airfares and fees, cut other perks and canceled flights or trimmed schedules. U.S. carriers spent nearly $6.5 billion on fuel in April, compared with about $3.6 billion a year earlier, according to the Bureau of Transportation Statistics. Fuel consumption in April totaled 1.573 billion gallons, down slightly from 1.575 billion gallons a year earlier. The latest figures came as the International Air Transport Association released a report on Sunday saying it now expects airlines worldwide to earn a [Read more]
IMPACT SNAPSHOT
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AAL
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
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Multi-day stock performance from the time of the news release
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%
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TICKS
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS