American Airlines Group Inc. Says Record Summer Travel Is Coming. Fuel Is The Catch
American Airlines expects to carry 75 million passengers on 750,000 flights this summer, surpassing its 2019 record. The airline is adjusting hub operations in Dallas-Fort Worth, Philadelphia, and Chicago to manage demand. U.S. carriers face sharply higher fuel costs, with jet fuel spending rising 56% in March. American posted record first-quarter revenue but reported a $382 million net loss.