American Airlines has lowered its profit guidance to adjust for new labour contract and higher fuel prices. American now expects to pay an average of between $2.90 and $3.00 per gallon of jet fuel in the third quarter. As a result of its continued strong operating performance, the airline said that it now expects its third-quarter capacity to be at the high end of its initial guidance, or up approximately 6% to 7% versus the same period in 2022. Total revenue for the third quarter is expected to be approximately flat to prior expectations, with the mid-point of year-over-year TRASM

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