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American Airlines Says Fuel Spike Adds $1B Costs

By Drooid · · How we work

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Story summary
  • United Airlines will cancel certain December flights because soaring fuel prices make marginal routes uneconomical.
  • American Airlines says the fuel price jump adds about $1 billion to its fourth-quarter costs.
  • American Airlines forecasts third-quarter revenue to rise 16%-19% year over year and calls the gains durable.
  • United Airlines reports fourth-quarter bookings are tremendously strong across premium corporate and economy demand.