American Airlines and easyJet are taking different approaches to managing sharply higher fuel costs, with American leaning on pricing power and easyJet relying on fuel hedging. American Airlines reported record quarterly revenue of $16.7 billion, up 16.3%, while capacity rose only 5.4%, and premium passenger unit revenue increased 13.4%. In contrast, easyJet's profits plunged 70% despite hedging 72% of its second-half fuel requirements and maintaining solid operational metrics. American widened its third-quarter loss guidance to between $0.70 and $0.10 per diluted share, while easyJet warned that every $100 move in unhedged fuel equates to GBP 35 million.
