American Airlines Sees Fares Staying Low for Rest of 2016
- Rebound in revenue benchmark to be delayed, executive says
- Falling fuel prices help boost profits to record level
American Airlines Tops Estimates on Fuel Price Drop
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American Airlines Group Inc. reported record profits even as it said the opportunities to raise ticket prices will be limited this year due to continuing U.S. fare wars and a strong dollar that’s damping demand abroad.
The world’s largest airline benefited from a 50 percent drop in the average spot price of jet fuel in the fourth quarter, helping it beat profit estimates.