American Airlines Forecasts Weak 2025 Profit on Costly Labor Deals
(Reuters) -American Airlines forecast 2025 profit below Wall Street expectations on Thursday, hurt by an uptick in jet fuel prices and efforts to fix a sales-strategy misstep that drove away corporate travelers. Shares of the carrier dropped 6% in premarket trade.
American Airlines shares tumble as outlook falls short
American Airlines last year said it would reverse a business-travel sales strategy that backfired. The airline signed a new credit card deal with Citi late last year. American Airlines reported a jump in fourth-quarter profits with results coming in ahead of analysts’ expectations,
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American Airlines got its corporate travel strategy badly wrong after the pandemic—and it’s still paying the price. As ...
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