As pilot and management negotiators returned to the bargaining table yesterday, American Airlines posted higher than expected losses for the third quarter.
Analysts were expecting a loss between USD117-137 million but American finished the third quarter with a USD162 million net loss as fuel increases overshadowed near-record revenue growth. The USD653 million in additional expenses resulted from a 41% fuel price increase. In addition to fuel, American cited foreign exchange losses, which, together with fuel, increased the net loss by USD50 million.
