American Airlines reported a 45.2% year-over-year (YOY) drop in first-quarter net income from $340 million to $186 million as soaring fuel costs overwhelmed an otherwise positive business environment for the Dallas/Fort Worth-based carrier. American’s first-quarter revenue rose 5.9% YOY to $10.4 billion while expenses increased 9.8% to $9.97 billion, including a 25.8% rise in fuel costs. Operating income for the March quarter was $431 million, down 41.4% from an operating profit of ...

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