- Madrid eagerly awaits Mbappe after PSG exit confirmed
- Russia claims gains in ground offensive in Ukraine's Kharkiv region
- 'England great' Anderson will make last Test appearance in West Indies clash
- Martin wins French MotoGP sprint to pad championship lead
- Nadal eyes French Open bid despite early Rome exit
- Gvardiol double sinks Fulham as Man City go top of Premier League
- Kewell wary after Yokohama edge Asian Champions League final opener
- Nadal falls to Hurkacz in Rome Open second round
- More than 300 dead in Afghanistan flash floods: WFP
- In Nigeria for Invictus, Prince Harry plays volleyball with veterans
- Anderson will make last England Test appearance in West Indies clash
- Departing Mbappe 'a PSG legend', says Luis Enrique
- Iraq hopes oil reserves will exceed 160 bn barrels: minister
- Swiatek battles into Rome last 16, Djokovic 'fine' after bottle strike drama
- Russia claims more advances after Ukraine ground offensive
- Israel strikes Gaza as more Rafah evacuations ordered
- Swedish police probe 'intimidation' at Eurovision
- Djokovic 'fine' after bottle strike drama at Rome Open
- Malaysia football kicks off under heightened security after attacks
- Djokovic 'fine' after being hit on head with water bottle at Rome Open
- More than 200 dead in Afghanistan flash floods: UN
- Hundreds evacuated from Ukraine border after Russian offensive
- Israel strikes Gaza as US report criticises war conduct
- French art group uses brainwaves and AI to recreate landscapes
- Nuggets, Pacers claw back in NBA conference semi-finals
- Lomachenko unruffled by brash Kambosos ahead of world title fight
- Eurovision in Gaza's shadow as Israel competes in final
- No.1 Scheffler prepares to face fatherhood as PGA looms
- Scheffler sizzles ahead of PGA as Koepka, McIlroy eye major win
- China consumer prices rise at faster rate in April
- Nembhard the hero as Pacers down Knicks to claw back in series
- US slams Israel's use of American weapons in Gaza
- Pyongyang to deploy new multiple rocket launcher this year: KCNA
- For some residents of Mexico's Cancun, beach seems world away
- Zendaya: a superstar, not a challenger
- First 'extreme' solar storm in 20 years brings spectacular auroras
- Sagstrom shares LPGA lead with Zhang but Korda lurks
- Train crash in Argentine capital sends nearly 60 to hospitals
- Gotterup grabs lead at PGA Myrtle Beach Classic
- 'Hell' is even more real in this year's MLS Ohio derby
- Schauffele grabs four-stroke lead at PGA's storm-hit Wells Fargo
- Spurs boss Postecoglou won't give up on Champions League ambition
- Guardiola expects Man City to be pitch perfect against Fulham
- European stock markets hit records as Dow rises for 8th straight day
- Girona's Liga runner-up hopes hit by draw at Alaves
- Brest draw opens door for Lille in Champions League race
- Bath edge closer to Premiership play-offs as Russell returns
- Powerful solar storm pummels Earth, threatening disruption
- Rovanpera leads Portugal Rally after see-saw day
- Endrick in Brazil's Copa America squad but no Neymar
American Airlines confirms 2024 forecast despite Q1 loss
American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.
The big US airline lost $312 million in the first quarter even as revenues rose 3.1 percent to $12.6 billion. Executives pointed to a recovery in business travel as a positive sign.
But operating expenses jumped 6.9 percent. Categories with significant increases included salaries, wages and benefits; and maintenance, materials and repairs.
Labor has been tight throughout the US aviation industry, leading to broad-based pay increases and constraining the industry's ability to meet surging post-lockdown demand.
The quarter does not include the boost from the ratification of a new pilots contract that the Allied Pilots Association said would immediately increase pay by more than 21 percent.
American is also immersed in negotiations with a flight attendants union over a new contract.
Chief Executive Robert Isom said the carrier is determined to pay staff at "the top of the industry" and would match a recent pay at rival Delta.
American is on track to boost aviation capacity in 2024 by "above single-mid digits" compared with the year-ago period, Chief Financial Officer Devon said on a conference call with analysts.
May said American is less affected by the delays in new aircraft deliveries compared with rivals after earlier investments.
Delays to Boeing deliveries in the wake of safety issues "have been largely offset" by American's use of regional carriers, May said.
American confirmed its full-year profit forecast range of between $2.25 and $3.25 per share. The company also projected a profitable second quarter.
Shares rose 0.7 percent in mid-morning trading.
N.Fournier--BTB