Key Points
Brazilian aircraft manufacturer Embraer has announced that American Airlines has committed to purchasing four E175 jets, which will be used by Envoy Air for regional flights..
This order will help expand Envoy Air's fleet to over 150 planes by the end of next year..
In other news, American Airlines has reported a decrease in its annual profit forecast due to higher fuel prices, expecting to earn $2.25 to $2.50 per share for the year.APSeveral airlines said they would suspend services to Israel...
American Airlines expects a 5.5% to 7.5% decrease in revenue per flight unit in the fourth quarter of this year compared to the previous year..
Despite problems like rising fuel costs reducing profitability in the quarter, American Airlines CEO Robert Isom stated that the team is doing a fantastic job of managing what they can manage, allowing the firm to prosper in any environment...
