American Airlines Tops Wall Street’s 4Q Forecasts

FORT WORTH (AP) — American Airlines reported Thursday that fourth-quarter profit slipped 11 percent as higher costs for fuel and labor offset rising revenue.
The world’s biggest airline also gave a strong forecast for 2018 earnings as demand for travel remains strong.
American said that it earned $258 million in the fourth quarter, down from $289 million a year earlier.
Excluding one-time gains and costs, American said it earned 95 cents per share. That beat the average Wall Street e