U.S. stocks move: High fuel costs drag down earnings guidance, American Airlines falls over 8%, leading declines among airline stocks

Glonghui, July 23rd ｜ Due to the wars in the Middle East leading to persistently high fuel prices, American Airlines has lowered its full-year profit guidance for the second time this year. The company now expects an adjusted loss per share of up to $0.65. Southwest Airlines has also revised its full-year adjusted earnings per share guidance, now expected to be between $3.25 and $4.25, replacing the previous guidance of at least $4.