American Airlines is under pressure from increased fuel prices

American Airlines at Chicago O'Hare Airport (Photo: Unsplashed / Miguel Ángel Sanz).
American Airlines at Chicago O'Hare Airport (Photo: Unsplashed / Miguel Ángel Sanz).

American Airlines is under pressure from increased fuel prices

American Airlines at Chicago O'Hare Airport (Photo: Unsplashed / Miguel Ángel Sanz).
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The US airline American Airlines probably had to shoulder higher costs in the first quarter than expected due to higher fuel prices.

Before taxes, a loss of between 2,05 and 2,17 billion US dollars (equivalent to around 1,88 to 1,99 billion euros) should have been incurred, as the company reports. Write-downs on decommissioned Airbus A330 long-haul jets also contributed to this. American Airlines had scrapped its A330 fleet due to the slump in demand as a result of the corona pandemic. According to the information, quarterly sales of $ 8,9 billion were only 16 percent lower than before the pandemic in early 2019. Management had recently assumed 17 percent. However, the costs per seat mile flown are expected to have increased by 12 to 13 percent, even apart from fuel and special effects.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

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