20-Apr-2011 6:00 PM
First quarter to disappoint but that is not unexpected with fuel increases
Analysis
After a robust 2010, the optimistic outlook for 2011 is dampening with the first quarter likely to yield a US industry loss, according to analysts who have begun publishing their prognostications for earnings calls which kick off Wednesday with AMR. The bottom line - airlines have not been able to cover the full cost of fuel increases with fares.
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