American Airlines cuts adjusted profit forecast for third quarter (Sept 13) By Reuters

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American Airlines cuts adjusted profit forecast for third quarter (Sept 13)

Published Sep 14, 2023 12:55PM ET Updated Sep 14, 2023 01:02PM ET

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American Airlines cuts adjusted profit forecast for third quarter (Sept 13)

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(This Sept.13 story has been corrected to say that the union is Allied Pilots Association, not APLA, paragraph 1)

(Reuters) - American Airlines (NASDAQ:AAL) Group on Wednesday cut its third-quarter adjusted profit forecast, to account for higher fuel costs and expenses related to its new collective bargaining agreement with the Allied Pilots Association union.

The carrier now expects an adjusted profit of between about 20 cents to 30 cents per share in the third quarter, down from its prior range of about 85 cents to 95 cents per share.

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Comments (1)

Alan Rice Sep 14, 2023 2:38PM ET

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