FORT WORTH, Texas — American Airlines said its second-quarter net income dropped 44 percent to $950 million as the carrier put aside half a billion dollars to pay income taxes.
The Fort Worth-based carrier said revenues also declined 4.3 percent to $10.36 billion for the quarter, citing growing competition on domestic and international routes.
The carrier’s fuel costs dropped 25.5 percent as the airline paid $1.41 per gallon for the quarter. It also cut its operating costs by 4.6 percent.
