American Airlines reports $312 million loss as labor expenses climb with new contracts
American Airlines reported a $312 million first-quarter loss for 2024 on Thursday.
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American Airlines reported a $312 million first-quarter loss for 2024 on Thursday.
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Texas-based American Airlines (AAL) introduced several significant changes, including raising charges on first and second-checked bags and tightening the loyalty points program to offset increased maintenance costs.
American said its results were dragged down by $983 million in charges related to a new labor contract with its pilots.