American Airlines Reports Lower Q2 Profits as Fuel Costs Climb

By Paul Riegler on 26 July 2018
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DSC_0514 (1)American Airlines Group announced financial results for the second quarter of 2018. The airline posted lower second-quarter profits citing surging fuel costs for what CEO Doug Parker called its “most challenging quarter” since its merger with US Airways five years ago.

Total revenue for the quarter was up nearly 4% to $11.64 billion compared to the same period last year.

The airline reported net income of $566 million, a 34% decline from the same period in Q2 2017.

In the course of the second quarter, the Fort Worth-based airline took delivery of one Boeing 787-9 Dreamliner and four 737 MAX 8 aircraft, and announced an order for 15 Bombardier CRJ900 and 15 new Embraer E175 regional jets. It also reached an agreement with Airbus to defer delivery of 22 A321neos previously scheduled for 2019, 2020, and 2021.

(Photo: Accura Media Group)

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