American Airlines' profit margin forecast disappoints

The airline said it expected a pretax margin, excluding special items, of between 4 percent and 6 percent in the current quarter, which J.P. Morgan analyst Jamie Baker said would put it at the bottom of the industry. Fort Worth, Texas-based American said the decline in revenue reflected competitive capacity growth, economic weakness outside of the United States and a strong dollar. Attacks in Brussels and Paris have discouraged some Americans from visiting Europe, while new competition has emerg