American Airlines reduces projected profit due to declining ticket sales and rising fuel prices.
American Airlines (AAL) has reduced its projected profit due to a decline in ticket sales, amidst a challenging environment for the airline industry. Soaring fuel prices and increased competition have negatively impacted financial performance. The company has admitted difficulties in maintaining revenue, particularly from fare sales. Consequently, the firm has cut back its profit outlook figure for the year.
July 25, 2024
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