{"id":97167818,"date":"2010-04-22T08:00:00","date_gmt":"2010-04-22T08:00:00","guid":{"rendered":"http:\/\/www.cheapoair.com\/miles-away\/airline-stocks-fall-after-american-airlines-announcement\/"},"modified":"2023-03-03T10:23:11","modified_gmt":"2023-03-03T10:23:11","slug":"airline-stocks-fall-after-american-airlines-announcement","status":"publish","type":"post","link":"https:\/\/www.cheapoair.com\/miles-away\/airline-stocks-fall-after-american-airlines-announcement\/","title":{"rendered":"Airline Stocks Fall after American Airlines&#8217; Announcement"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div style=\"text-align: center;\"><\/div>\n<div style=\"text-align: center;\"><strong>American Airlines announces a wider first-quarter loss<\/strong><\/div>\n<p>&nbsp;<\/p>\n<p>On Wednesday, after American Airlines announced a wider first-quarter loss because of \u201clingering weakness in the economy combined with rising fuel prices\u201d, Airline stocks took a severe dive.<\/p>\n<p>&nbsp;<\/p>\n<p>This created a greater fear in investors that the revenue recovery among airlines will not be increasing quickly.<\/p>\n<p>&nbsp;<\/p>\n<p>In the lead of the decline was American Airlines parent AMR Corp. The Fort Worth, Texas-based airline announced a larger than expected loss as fuel costs jumped 14% more than offsetting an increase in average ticket prices.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cTo say the year has gotten off to a challenging start is, of course, an understatement,\u201d stated Chairman and Chief Executive of AMR in a letter to employees.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThat disappointing result, which was driven by lingering weakness in the economy combined with rising fuel prices, underscores the reality that, despite a lot of hard work and progress, we remain regrettably far from our goal of sustained profitability,\u201d the Chairman stated.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Source: <\/em><a href=\"http:\/\/www.marketwatch.com\/story\/airline-stocks-fall-amr-sees-lingering-weakness-2010-04-21\" target=\"_blank\" rel=\"nofollow noopener\"><em>Market Watch <\/em><\/a><\/p>\n<p><em>Photo: Wikimedia<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; American Airlines announces a wider first-quarter loss &nbsp; On Wednesday, after American Airlines announced a wider first-quarter loss because of \u201clingering weakness in the economy combined with rising fuel prices\u201d, Airline stocks took a severe dive. &nbsp; This created a greater fear in investors that the revenue recovery among airlines will not be increasing [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":97218019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-97167818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other"],"_links":{"self":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/97167818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/comments?post=97167818"}],"version-history":[{"count":1,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/97167818\/revisions"}],"predecessor-version":[{"id":97218020,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/97167818\/revisions\/97218020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/media\/97218019"}],"wp:attachment":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/media?parent=97167818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/categories?post=97167818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/tags?post=97167818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}