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00:02American Airlines cut its 2026 earnings forecast after higher fuel costs increased expenses,
00:09according to CNBC. The company now expects adjusted earnings ranging from a loss of 40
00:14cents per share to $1.10, down from its prior forecast of $1.70 to $2.70. In the first
00:21quarter,
00:22American reported an adjusted loss of 40 cents per share on $13.91 billion in revenue,
00:28beating estimates of a 47-cent loss and $13.79 billion. Net loss totaled $382 million,
00:36or 58 cents per share, narrowing from $473 million a year earlier. Revenue rose 10.8% year over year.
00:45Airlines are adjusting forecasts and capacity plans due to volatile jet fuel prices tied to the war.
00:51CEO Robert Isom told CNBC that recovery depends on balancing supply and demand,
00:57and that the airline will adjust flight capacity as needed.
01:00For all things money, visit Benzinga.com.
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