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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
Bloomberg business news

American Airlines Tops Estimates on Fuel Price Drop

Updated on

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.