Airline stocks shares fall on American's so-so 1Q outlook

FILE - In this March 31, 2020 file photo American Airlines planes are parked at Pittsburgh International Airport in Imperial, Pa. Shares of American Airlines are falling on word from the carrier that first-quarter profit could be below Wall Street expectations. American said Wednesday, April 12, 2023 that it expects to earn between a penny and 5 cents per share for the quarter that just ended.

FORT WORTH, Texas — Airline stocks tumbled Wednesday after American Airlines issued a lackluster outlook that appeared to amplify fears that travel demand, which has surged for the past year, could finally be slowing in the face of inflation and economic uncertainty. American indicated that demand is still about as strong as it predicted in January, but the stay-the-course update came as analysts cautioned investors about a slowdown in travel bookings.

That’s what happens with inflation making prices jump way up.

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