American Airlines Plans Some Much-Needed Job Cuts
June 23, 2018
Just three years ago, American Airlines (NASDAQ:AAL) achieved an incredible pre-tax profit of $6.3 billion (excluding special items). Since then, its pre-tax income has eroded rapidly, with adjusted pre-tax profit totaling $5.1 billion in 2016 and $3.8 billion in 2017. A spike in fuel prices over the past year makes it virtually inevitable that pre-tax profit will fall again in 2018.