American Airlines cuts adjusted profit forecast for third quarter (Sept 13)

An American Airlines Airbus A321 plane takes off from Los Angeles International airport

(This Sept.13 story has been corrected to say that the union is Allied Pilots Association, not APLA, paragraph 1)

(Reuters) – American Airlines Group on Wednesday cut its third-quarter adjusted profit forecast, to account for higher fuel costs and expenses related to its new collective bargaining agreement with the Allied Pilots Association union.

The carrier now expects an adjusted profit of between about 20 cents to 30 cents per share in the third quarter, down from its prior range of about 85 cents to 95 cents per share.

(Reporting by Nathan Gomes in Bengaluru; Editing by Arun Koyyur)