American Airlines Shares Slip After Carrier Cuts Routes on Fuel Hit

Airline bosses are meeting in Rio de Janeiro this weekend for what could be their toughest challenge since the pandemic. The Iran war is sending jet fuel prices higher, pushing airlines onto longer routes and making it hard to keep raising fares without slowing demand. The International Air Transport Association’s annual meeting, happening June 6-8, is expected to bring a downgrade to its 2026 profit forecast — which had been at a record $41 billion before fighting broke out, according to executives and analysts.