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American Airlines quarterly profit halves

US Materials 25 October 2018 15:59 (UTC +04:00)
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
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.

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