NEW YORK, Oct 23 (Bernama-Xinhua) -- As major US airlines reported their third quarter (Q3) operating results, rising fuel costs put pressure on their profit margins despite strong travel demand, reported Xinhua.
World : High Fuel Costs Squeeze Major Us Airlines' Profits Despite Strong Revenues
us airlines, high fuel costs, profits squeeze
BE Bernama 
Key takeaways
Rising fuel costs pressured US airlines' profits despite strong revenues, with American Airlines reporting a Q3 loss and lowered outlook.
- American Airlines reported a Q3 net loss of $269 million despite record revenues of $16.3 billion.
- Fuel costs increased by $1.9 billion, with expected fourth-quarter expenses rising by $2.8 billion year over year.
- Southwest Airlines posted a $270 million net income, but faced similar challenges from rising operating costs.
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- Bernama World : High Fuel Costs Squeeze Major Us Airlines' Profits Despite Strong Revenues (this story)
