American Airlines reports quarterly loss on soaring costs

American Airlines aircraft are parked at Ronald Reagan Washington National Airport in Washington, U.S., August 8, 2016. Image for illustrative purpose
Reuters Images/Joshua Roberts

The company's net loss for the third quarter ended Sept. 30 was $545 million

Shivansh Tiwary, Reuters News

October 19, 2023

PHOTO
American Airlines aircraft are parked at Ronald Reagan Washington National Airport in Washington, U.S., August 8, 2016. Image for illustrative purpose

American Airlines reported a quarterly loss on Thursday due to costs related to jet fuel and new labor contracts.

The company's net loss for the third quarter ended Sept. 30 was $545 million, or 83 cent per share, compared with a profit of $483 million, or 69 cents per share, a year earlier.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva)

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