American Airlines says bad weather hurt Q1 results
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[ATLANTA] American Airlines Group on Tuesday said flight cancellations due to bad weather hurt its first-quarter results, joining other carriers that blamed the weather for a drag on business during the period.
American grounded more than 34,000 flights in the first three months of this year, reducing quarterly revenue by about US$115 million and operating profit by about US$60 million.
The carrier cut its forecast for its operating margin to 5-7 per cent for the first quarter, compared with a late January view of 6-8 per cent.
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