American Airlines has slashed its financial forecast for the year, warning investors that it now expects deeper losses as a sharp spike in jet fuel prices completely eclipses record-shattering passenger revenue. The Fort Worth, Texas-based carrier announced Thursday that it is slowing its capacity growth for the upcoming year in response to the volatile macroeconomic […]
United Airlines has significantly slashed its profit forecast for the year as relentless spikes in fuel costs continue to bite into the carrier’s bottom line, even as resilient passengers keep booking flights despite a notable jump in overall airfares. The major U.S. carrier announced on Tuesday that it now expects to earn between 50 cents […]