American Airlines now estimates that for the current quarter, which ends on March 31, the loss per share will be between 60-80 cents. Previously, the company had flagged a loss of 40 cents per share.
The company was involved in a plane crash at the end of January that claimed 67 lives when an American Airlines plane collided with a helicopter at one of Washington's airports. This, together with a plane crash in Toronto involving a Delta Airlines plane, has led consumers to question flight safety, writes news agency Bloomberg.
In addition, the economic development in the US in connection with President Donald Trump's policy has made households more hesitant to spend money on air travel.
American Airlines' announcement has caused several airlines in Europe to fall sharply on the leading European stock exchanges.
