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American’s Q1: Labor Costs Up, Profit Down
American Airlines lost $312 million in the first three months of the year as it saw labor costs rise 18%, or nearly $600 million from a year ago. American expects to return to the black in Q2, to the tune of between $1.15 and $1.45 per share.
The carrier earned a cool $12.6 billion in gross revenue, including $11.5 billion in passenger revenue.
This was published by Cranky Flier, to read the complete post please visit https://crankyflier.com/2024/04/26/cranky-weekly-review-presented-by-oakland-international-airport-aa-southwest-lose-money-southwest-fas-make-money/.