American CEO: Higher Fuel Prices May Mean Capacity Cuts
Demand remains strong, Robert Isom said, but adjustments could be required if fuel costs do not moderate.
Demand remains strong, Robert Isom said, but adjustments could be required if fuel costs do not moderate.
Ed Bastian alluded to potential mergers and bankruptcies for carriers that cannot produce a return on investment for their owners.
But the carrier continues to see strong demand and beat expectations with its first-quarter earnings.
The carrier will temporarily slash 5% of its total schedule.