High fuel costs cut sharply into American Airlines profit

Business 10/25/18, 08:51

Higher fuel costs slashed third-quarter profit at American Airlines by nearly half, and the company says it is responding by growing more slowly and cutting unprofitable flights.The shares are climbing in trading before Thursday's opening bell.American Airlines Group Inc. earned $341 million, down 48 percent from a year ago.Excluding non-recurring ...

Will American Airlines bar customers from changing a ticket?

Business 09/20/18, 18:29

American Airlines is threatening to prohibit customers from making changes to nonrefundable tickets if Congress makes good on a proposal to crack down on unreasonable airline fees.American CEO Doug Parker says his airline would be acting just like many other businesses when customers want to swap their ticket for a ...

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