American Airlines chief seeking Wall Street buy-in
Airline is positioned to earn US$5 billion annually before taxes in an average year, says Parker
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Dallas
THIS should be a great time to run the world's largest airline. Profits are fat, travel demand is setting records, and Warren Buffett recently delivered a huge vote of confidence.
Instead, American Airlines is trailing the market again after a lacklustre 2016 and a 21 per cent drop in 2015. It abandoned part of a plan to eke out a few extra bucks by squeezing fliers into tighter spaces. Tough new security rules could be around the corner. And a lack of staff in the Trump administration is impeding progress on a trade dispute with Persian Gulf airlines.
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