Topline
Airlines’ first-quarter earnings reports reveal how soaring jet fuel prices are draining billions from U.S. carriers, even as they post record revenue.
Key Facts
All the “big four” airlines—American, Delta, United and Southwest—reported record Q1 revenue, but the gains were offset by higher jet fuel costs and American and Delta ended up in the red.
United Airlines and American Airlines this week cut their 2026 forecasts due to higher jet fuel costs, while Southwest Airlines held off updating its full-year guidance.
American Airlines told investors…
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Source www.forbes.com
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