Originally Posted by sailingfun

Note the news from American today. Oil prices are starting to hit home.

The increase in jet fuel costs is making some marginal flights less profitable. American said it will further trim previous plans to increase flying in the third and fourth quarters. That could help allay investors' fears that American and other airlines are expanding faster than the growth in travel demand, which is preventing them from raising fares to offset fuel prices.
The airline also announced that it will delay the delivery of 22 Airbus jets to reduce capital spending in 2019 through 2021 by $1.2 billion.

Read more here: https://www.charlotteobserver.com/ne...#storylink=cpy