{"id":20070,"date":"2023-09-13T11:15:22","date_gmt":"2023-09-13T18:15:22","guid":{"rendered":"https:\/\/marketdepth.com\/?p=20070"},"modified":"2023-09-13T11:16:04","modified_gmt":"2023-09-13T18:16:04","slug":"american-airlines-tumbles-after-surging-expenses","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/american-airlines-tumbles-after-surging-expenses\/","title":{"rendered":"American Airlines Tumbles After Surging Expenses"},"content":{"rendered":"\n
American Airlines (AAL:NASD) tumbled Wednesday after the company says rising fuel costs and other aircraft-related expenses are hitting their bottom line. The new pilot contract is narrowing profit margins as surging inflation is putting pressure on all sectors.<\/p>\n\n\n\n
American Airlines is down 20% from the start of the year as inflation pressures mount even as increased demand for flights continues. The stock is down 5% on the day for an intraday price of $13.28.<\/p>\n\n\n\n
The company announced a cut in its guidance for the quarter as well as lowering its EPS. The company is still trying to navigate the post-pandemic and high inflationary period by maximizing profits but taking into account increasing expenses. American Airlines cut its third-quarter guidance from $1.25-1.26 billion from $1.3-1.32 billion. Many airlines are following suit with American Airlines as they all are seeing higher operating costs.<\/p>\n","protected":false},"excerpt":{"rendered":"American Airlines (AAL:NASD) tumbled Wednesday after the company says rising fuel costs and other aircraft-related expenses are hitting their bottom line. The new pilot contract is narrowing profit margins as surging inflation is putting pressure on all sectors. American Airlines is down 20% from the start of the year as inflation pressures mount even as… View Article<\/a>","protected":false},"author":3,"featured_media":19216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,12,16],"tags":[],"acf":[],"yoast_head":"\n