American Airlines’ Outlook Falls Short as It Expects Rising Costs
Skift Take
American said it was anticipating higher costs driven by lower capacity and expensive labor contracts to dampen its first-quarter outlook.
American Airlines is still trailing its rivals Delta and United.
The carrier reported record revenues of $13.66 billion and a profit of $590 million for the fourth quarter, but it is projecting a loss for the first quarter, partially due to rising costs. The increase in these costs are driven by lower capacity, which Am
