Profits At American Airlines Hit Record $1.2bn

Low-fuel prices helped American Airlines (AA) to a record profit of $1.2bn, excluding special charges, in Q1.

Low-fuel prices helped American Airlines (AA) to a record profit of $1.2bn, excluding special charges, in Q1.

The total was triple that of its previous record for quarterly profits posted in Q1 2014 and came despite a 1.7 per cent drop in revenues and a 0.9 per cent decrease in total available seat miles compared with the same time last year.

AA’s boost in profitability was aided by a 7.1 per cent fall in operating expenses, accounted for by a 42.2 per cent decrease in the carrier’s fuel costs.

In publishing its results, AA confirmed that its revenues had been affected by the stronger US dollar and “economic softness” in Latin America.

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