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American Airlines Stock Falls 1.7% as Brent Nears $100—The Fuel Math
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American Airlines Stock Falls 1.7% as Brent Nears $100—The Fuel Math
Brent crude’s move toward $100 matters more to American Airlines than Tuesday’s 1.68% stock decline suggests. The carrier has no fuel hedges, and its latest accounts imply that every 10-cent change in the average price per gallon can move quarterly fuel expense by roughly $121 million before higher fares, capacity changes or other offsets. American…
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