American Airlines profits hit by higher fuel costs

এই লেখাটি 99 বার পঠিত

American Airlines reported a drop in profits Thursday, citing higher fuel costs as a big drag even as first-quarter revenues hit a record on strong travel demand, reprts AFP from New York..

Net income fell 45.2 per cent to $186 million, as revenues rose 5.9 per cent to $10.4 billion.

The airline cited Latin America as an especially vibrant market but said all its regions saw gains in a closely-watched benchmark of revenue per available seat miles.

US carriers have described the global air market as robust amid the strongest global economy since the 2008 financial crisis.

But American’s results were hit by a nearly 10 per cent rise in operating expenses, driven by much higher fuel costs.

Aviation News