American Airlines Reports Higher Revenue, Lower Profit in First Quarter

By Paul Riegler on 26 April 2018
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IMG_3180American Airlines Group announced financial results for the first quarter of 2018.

The airline reported a net profit of $186 million, a 45% decline from $340 million in Q1 2017.

“Higher fuel prices led to a decline in year-over-year earnings, but we are excited about the future,” American Airlines Chief Executive Doug Parker said in a statement.

Total revenue for the quarter was up 6% to $10.4 billion compared to the same period last year.

In the course of the first quarter, the Fort Worth-based airline announced an order for 47 Boeing 787 Dreamliners and the retirement of older Airbus and Boeing aircraft. It also introduced Basic Economy fares on its transatlantic routes.

(Photo: Accura Media Group)

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