American Airlines cuts growth target as fuel costs drag on profits

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American Airlines will trim planned increases in flights for the rest of this year and may grow more slowly than rivals in 2019 as the carrier grapples with surging fuel prices that eroded profitability.

Net income dropped 35 percent to $566 million in the three months through June, the Fort Worth, Texas-based company said, despite a 3.7 percent jump in revenue, which touched $11.6 billion.

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