Rising fuel costs hurt AMR&#39;s outlook
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SAN FRANCISCO (CBS.MW) - American Airlines parent AMR warned late Thursday that surging fuel costs would likely force it to slash its third-quarter and full-year outlook.
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America West Holdings Corp. AWA.N on  Friday posted a quarterly loss and forecast a loss for the  current quarter, citing high fuel prices and further pressure  on airfares.
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American Airlines expects soaring jet  fuel prices to push its expenses up more than $1 billion in  2004 from last year's level, parent AMR Corp. AMR.N said on  Thursday.
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FORT WORTH, Sept. 24  â Shares of the AMR Corporation, parent of American Airlines, dropped 14.3 percent Monday after the company gave a tepid third-quarter outlook and several analysts cut their profit estimates.
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Oil prices extended recent losses Wednesday in anticipation of that another increase in crude supplies will be accompanied by a rise in heating fuel inventories.
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High fuel prices are beginning to change consumer behavior and business fortunes now in a way that they hadnÂt at the beginning of the summer.
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AMR, the parent of American Airlines, posted a smaller-than-expected fourth-quarter loss on Wednesday, but the results showed the industryâs continuing vulnerability to high fuel costs.
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American Airlines expects soaring jet fuel prices to push its expenses up more than &#36;1 billion in 2004 from last year's level, parent AMR Corp. (AMR.N) said on Thursday.
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American Airlines parent AMR Corp.  on Wednesday reported a wider quarterly loss from a year ago as record-high fuel prices and stiff ticket-price competition stung the bottom line.
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One can sum up airlines&#39; woes in one word: &quot;Exxon.&quot; So says Gerard Arpey, chief executive of American Airlines parent AMR (nyse: AMR - news - people ). Speaking Wednesday to investors in New York, the CEO
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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Rising crude oil costs are taking a  toll on U.S. consumers, as the national price for gasoline  jumped 5.1 cents a gallon over the last week and diesel fuel  hit a record high, the government said on Monday.
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Shares in AMR Corp. (AMR.N: Quote, Profile, Research) , the parent of American Airlines, slipped after the company said it expects soaring jet fuel prices to push its expenses
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The sharp rise in oil prices which recently creeps towards $60 per barrel has put many energy industries and those reliant on energy on the edge for fear of the adverse affects of escalating prices.
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Energy experts warn that the jump in the price of crude would raise prices for heating oil and gasoline in coming weeks.
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WASHINGTON - Oil prices cruised above $55-a-barrel yesterday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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The effect of high crude oil prices continued to pinch consumers at the pump, with the average cost for gasoline rising 4.9 cents to the highest level in 14 months and diesel fuel soaring 6.3 cents to match the record set two years ago, the government said on Monday.