American Airlines to Cut Capacity if Fuel Costs Stay High
American says a $1-a-gallon fuel jump could add $1 billion in costs and force late-fourth-quarter capacity cuts, CFO Devon May said.
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4 Articles
American Airlines warns high fuel prices could force capacity adjustments - Regional Media News
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO, Sept 16 (Reuters) - American Airlines CEO Robert Isom said on Wednesday that persistently high fuel prices could force the carrier to adjust capacity, even as strong demand and revenue gains have helped offset much of the [...]
American Airlines CEO Robert Isom warned at a Morgan Stanley conference that persistently high fuel prices could force the airline to cut capacity. CFO Devon May said the roughly $1-per-gallon price increase would cost the company about $1 billion. The airline plans to adjust capacity at the end of the fourth quarter, with detailed guidance to be released when it reports earnings, Reuters reported. We'll be covering similar topics at our Portfol…
Robert Isom said that despite the increase in revenue that has helped to offset its costs, the airline expects it will have to make adjustments by the fourth quarter of 2026.
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