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Fuel Prices Crush American Airlines Profits | US News
American Airlines is bracing for financial strain as soaring jet fuel prices, fueled by renewed U.S.-Iran tensions, force a downward revision of its full-year profit forecast. After a brief summer reprieve when fuel dipped to $4/gallon, prices have surged back up to $4.05 per gallon in Q2 — already exceeding earlier projections — and are projected to hover around $3.75/gallon in Q3. With the airline industry already operating on razor-thin margins, these volatile energy costs are a major headache, forcing carriers to constantly recalibrate their budgets amid unpredictable global markets…
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