American 1Q profit down 67% as fuel costs rise; defends pay increase
American Airlines reported a first-quarter 2017 net profit of $234 million, down 66.6% from net income of $700 million in the 2016 March quarter, as fuel prices rose sharply. American’s first-quarter revenue increased 2% year-over-year (YOY) to $9.6 billion while expenses increased 11.4% to $9...
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