"American Airlines' Labor Costs Lead to $545 Million Loss Amidst Rival's Profit Surge"

American Airlines reported a loss of $545 million in the third quarter, citing higher labor costs due to a new contract with its pilots. This is in contrast to the significant profits posted by its rivals, United Airlines and Delta Air Lines, who reached similar deals with their pilots and earned $1.1 billion each in the same period. American's revenue remained flat compared to last summer, while United and Delta saw double-digit increases. Rising fuel prices and concerns over increasing costs for airlines are adding to industry anxiety. American Airlines paid down $1.4 billion in debt during the quarter.