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International Business Times

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AFP News

American Airlines Confirms 2024 Forecast Despite Q1 Loss

American American Airlines May

American Airlines cited recovering business travel as a supportive factor as it confirmed its full-year profit forecast (Credit: AFP)

American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.

The big US airline lost $312 million in the first quarter even as revenues rose 3.1 percent to $12.6 billion. Executives pointed to a recovery in business travel as a positive sign.

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