American Airlines Group Inc. shares fell 7 percent on Friday as investors looked past the carrier’s upbeat revenue forecast and instead focused on its warning of a hit from higher fuel costs and staffing problems.
A steady surge in fuel prices due to geopolitical tensions and a chronic labor shortage are threatening to upset a nascent recovery in the airline industry.
“There’s going to be cost pressure. And that will, I think, have an impact on regional carriers and other carriers that rely on lower cost labor,” American Airlines Chief Executive Officer Robert Isom said at the Bernstein Strategic Decisions Conference on Friday….
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