American Airlines Earnings Hurt by Too Many Empty Seats and Pricey Labor
Skift Take
American Airlines was hit by both rising costs and declining revenue in its third quarter. It will need to keep a close eye on both in the winter months if it is going to end the year on a high.
American Airlines saw its third quarter performance suffer in the wake of extra capacity competition as well as increased labor expenses.
The world’s largest carrier reported a 30 percent drop in pre-tax profit to $1.2 billion with revenues also taking a hit, sliding by 1 percent to $10.6 billion.
On a conference call with analysts, CEO Doug Parker said the decli
