An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018.
REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies American Airlines Group Inc FollowSept 13 (Reuters) - American Airlines Group (AAL.O) on Wednesday cut its third-quarter adjusted profit forecast, to account for higher fuel costs and expenses related to its new collective bargaining agreement with the ALPA union.
The carrier now expects an adjusted profit of between about 20 cents to 30 cents per share in the third quarter, down from its prior range of about 85 cents to 95 cents per share.
Reporting by Nathan Gomes in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons:
Mike Blake, Nathan Gomes, Arun Koyyur
Organizations:
American Airlines Airbus, Los Angeles International, REUTERS, Companies American Airlines Group, American Airlines Group, Thomson
Locations:
Los Angeles , California, U.S, Bengaluru