Though it posted revenues of $33.7 billion in 2017—not far behind American Express’ $35.6 billion—stock markets valued World Fuel Services at a mere fraction of its sales that year. While AmEx was valued at $86 billion, investors deemed World Fuel Services a $1.5 billion company. The aviation and marine fuel provider struggled to maintain profitability during the year. In 2017, the company posted losses of $170.3 million, attributing the downturn to lower demand for its maritime products as companies sent less cargo via sea. Severe weather conditions, including hurricanes in September, also pressed on jet fuel prices—pressuring the the company’s revenue.
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