American Airlines reported a first-quarter 2017 net profit of $234 million, down 66.6% from net income of $700 million in the 2016 March quarter, as fuel prices rose sharply. American’s first-quarter revenue increased 2% year-over-year (YOY) to $9.6 billion while expenses increased 11.4% to $9 billion, producing an operating profit of $600 million, down 55% from operating income of $1.4 billion in the 2016 March quarter. Mainline aircraft fuel expenses rose 36.2%, or $373 million, YOY ...

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