Shares of Fort Worth-based American Airlines fall on weak outlook for 1Q profit
American Airlines said Wednesday that first-quarter profit could be below Wall Street expectations as airlines face higher costs, sending the shares lower in morning trading.
That is better than American's January forecast of a break-even quarter, but analysts had expected an adjusted profit of 5 cents per share, according to a FactSet survey. However, airlines also face rising costs for labor and fuel heading into the critical summer travel season.
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