The Guardian Australia – Business
·business
·2 hours ago
American Airlines expects $4 billion loss amid soaring jet fuel prices
American Airlines announced it will incur a $4 billion loss this year due to soaring jet fuel prices, driven by the US-Israel conflict. The airline, expecting to offset costs with higher fares, had previously forecast a profit of $1.8 billion. Airlines worldwide face similar challenges, with many struggling to pass on increased costs amid faltering consumer confidence.
Summary by Glance · The Guardian Australia – Business
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