What Happened
Carrier Confident In Long-Term Profitability Despite Fuel Headwinds
American Airlines has vowed to return to profitability regardless of fuel price volatility, according to chief executive Robert Isom. The carrier had initially expected a nearly $1.5 billion pre-tax profit for the year, but fuel-price spikes wiped out over $1 billion in expected profit. American now expects to be break even for the year due to a $6 billion fuel headwind. The airline plans to match seat capacity with demand and invest in high-value routes, such as those across the Atlantic, to drive revenue growth. This development was first reported by FlightGlobal.