American Airlines Shares Hit 2-Year Low on Investor Update - NBC 5 Dallas-Fort Worth

American Airlines Shares Hit 2-Year Low on Investor Update

American says it canceled 2,100 flights during Hurricane Florence

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    NEWSLETTERS

    NBC 5 Forecast: One More Decent Chance for Rain

    Shares of Fort Worth-based American Airlines are sinking to their lowest level in more than two years as the carrier warns about rising fuel prices and lost revenue from Hurricane Florence.

    The shares fell $1.90, or 5.3 percent, to $34 in Tuesday afternoon trading.

    American says it canceled 2,100 flights during Florence, costing it $55 million in revenue and $50 million in pretax income.

    Aside from the storm, American says revenue for every seat flown one mile rose between 2 percent and 3 percent in the third quarter, a sign that fares and fees are rising.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)

    But American also says it paid $2.28 to $2.33 a gallon for fuel in the quarter, six cents more than it expected in July. Fuel prices have jumped more than one-third in the past year.

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