American Airlines Reports Higher Revenue, Lower Profit in First Quarter
By Paul Riegler on 26 April 2018
American 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)
