Amid an airfare war, the airline with the world’s largest passenger fleet bounced back from a down 2017. Yet the culprit nipping at American’s bottom line last year—higher fuel prices—continued doing so in 2018, draining an additional $2.2 billion from the company’s coffers and helping lead to annual profits of $1.4 billion. But what American is burning at the pump, it’s making up in the cabin: Total passenger revenue was up 3.9% to $40.7 billion in 2018. Still, other variables—like extreme weather and trade wars—made for an uneasy year. And in 2019, as oil prices spike and Boeing’s 737 Max planes are grounded, there doesn’t yet appear to be a break in the clouds.
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News about American Airlines Group
Although not renowned for their excellence in culinary circles, in-flight meals are a relatively recent privilege to which fliers haven’t always been treated. The first ever airline meal was served in 1919 on a Handley-Page flight from London to Paris. According to Travel + Leisure in 2017, selections at the time “typically included cold fried […]
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One airline warned that its flight cancellations could endure into July.