American Airlines forecasts bigger Q3 loss as sluggish demand hits fares

American Airlines forecasts bigger Q3 loss as sluggish demand hits fares

(Reuters) -American Airlines forecast a bigger-than-expected third-quarter loss on Thursday, as sluggish domestic travel demand result in more unsold seats and an erosion in fares. Shares of the carrier fell nearly 3% in premarket trading. Most U.S. airlines withdrew their financial forecasts in April due to uncertainty caused by President Donald Trump‘s sweeping tariffs and…

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What to know this week

What Wall Street is saying

Only in the world of AI darling Nvidia (NVDA) are hypersonic growth rates not seemingly enough for the beloved stock’s bulls. Shares of the $3.2 trillion market cap chipmaker fell nearly 1% in pre-market trading on Thursday as investors keyed in on its below-consensus outlook for profit margins. In its earnings release on Wednesday evening,…

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