More empty seats and higher labor costs are cutting into profit at American Airlines.
But in an encouraging sign for airlines and their investors — and a worrisome one for passengers — American is offering new evidence that higher fares could be just around the corner.
The world's biggest carrier reported Thursday that third-quarter earnings fell 56 percent and would have dropped even more if it weren't for continuing low fuel prices.
The company earned $737 million, down from $1.69 billion a year earlier. Revenue slipped 1 percent but costs rose 5 percent.
American was still able to claim that it beat Wall Street expectations. Excluding what it...