A Southwest Airlines jet sits at a gate at Orlando International Airport in Orlando, Fla., on Oct. 11, 2021. (Joe Skipper/Reuters) American Airlines and Southwest Airlines on Thursday warned mounting inflationary pressures could overshadow strong holiday demand and delay a complete return to profit.
Both the Texas-based carriers posted a smaller-than-expected loss in the third quarter, but said rising fuel prices as well as higher labor costs are hurting earnings in the quarter through December.
Oil prices have surged to multi-year highs this year, threatening a fragile recovery in the airline industry. American, for example, spent nearly 70 percent more on […]
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