American Airlines quarterly profit halves
American Airlines (AAL.O) said on Thursday its third-quarter profit nearly halved, hurt by higher fuel costs and the impact of Hurricane Florence that forced the company to cancel about 2,100 flights in September, Reuters reports.
The No. 1 U.S. carrier by passenger traffic reported net income of $341 million, or 74 cents per share, in the quarter ended Sept.30 compared with $661 million, or $1.36 per share, a year earlier.
On an adjusted basis, the airlines earned $1.13 per share.