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American Airlines (AAL) plunged 8.4% during the trading session, dragging the entire airline and transportation sector lower.
Although its second-quarter profit beat analysts’ expectations, Brent crude broke above $100 per barrel, directly pushing up future jet fuel costs.
The market is concerned that a surge in fuel costs will severely squeeze the operating profit margin in the second half of the year, and even raising ticket prices may not fully offset the pressure on costs from the energy side.
$AAL
#夏日创作营 #布伦特原油重返100美元