Manufacturing Industry
American Airlines abandons fare increases
Airline Industry Information, Sept 28, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
American Airlines has abandoned its USD5-10 fare increase after competitors failed to follow suit.
The airline said that it had raised fares to combat rising fuel prices and that it thought the increase was warranted. The charge will not be rescinded in some small markets.
It is the ninth time in 2004 that a US airline has tried to push through a price rise to cover higher fuel and operating costs. Some industry analysts claim that one is needed to keep airlines from getting into financial difficulties, reports The Associated Press.
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