Airlines Trim Schedules on Fuel Costs
Major airlines are scaling back flight schedules to combat a surge in jet fuel prices that threatens profit margins. Despite resilient travel demand, carriers are trimming unprofitable routes.
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AMERICAN AIRLINES GROUP INC plans to trim fourth-quarter schedules as surging jet fuel costs add $1 billion to expenses following the outbreak of conflict in Iran. The capacity cuts arrive as carriers across the United States grapple with a dramatic runup in fuel prices. Despite resilient passenger demand, airlines are shifting focus from market share to profitability.
