American Airlines cuts first-quarter capacity forecast as oil prices surge

An American Airlines aircraft lands at Reagan National Airport in Arlington, Virginia

– American Airlines Group Inc cut its current-quarter capacity forecast on Tuesday, as airlines grapple with high fuel prices due to the Russia-Ukraine war.

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shinjini Ganguli)

Reuters

Related posts

Majority of New Jersey Residents are Struggling Financially According to Poll

New Jersey Files Charges Against GOP Chairman Over $382 Tax Fraud

Phil Murphy beefs up security for lawmakers after Tim Walz appointee goes on shooting spree in Minnesota