American Airlines Fuel Cost Warning Eclipses Upbeat Revenue Forecast, Shares Fall

American Airlines Fuel Cost Warning Eclipses Upbeat Revenue Forecast, Shares Fall
An American Airlines Boeing 737 jet sits at a gate at Washington's Reagan National airport with the U.S. Capitol building in the background on April 29, 2020. Kevin Lamarque/Reuters
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American Airlines Group Inc. shares fell 7 percent on Friday as investors looked past the carrier’s upbeat revenue forecast and instead focused on its warning of a hit from higher fuel costs and staffing problems.

A steady surge in fuel prices due to geopolitical tensions and a chronic labor shortage are threatening to upset a nascent recovery in the airline industry.