Lofty Fuel, Low Fares Batter Airlines
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The twin burdens of soaring fuel prices and slipping airfares clobbered the airline industry again in the third quarter, leaving three of the top four US carriers to post quarterly losses on Wednesday.
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Southwest Airlines Co. led the seven largest US carriers in boosting round-trip fares as much as $20 to help offset rising fuel prices.
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Discounters Southwest and JetBlue are turning up the heat on US Airways and other financially ailing airlines with a round of aggressive sales on travel in January and February.
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Major U.S. airlines on Tuesday partially withdrew last week's flurry of fare increases, but one analyst said the fare hikes have been uncommonly successful and suggest robust travel demand this fall.
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DALLAS Â· American Airlines is reducing some flights and considering charging for onboard food amid increasing fuel prices and intensifying competition from low-cost carriers, the company&#39;s chairman and chief executive said Thursday.
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Three US airlines reported losses on Wednesday as higher jet-fuel prices and stiff competition from low-cost rivals compounded their many difficulties since the 2001 terror attacks.
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Southwest Airlines Co , the leading U.S. low-cost carrier, on Tuesday said it raised one-way fares by up to $10 to offset rising fuel costs.
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The airline sector, clouded by US Airways Group Inc.&#39;s recent bankruptcy and Delta Air Lines Inc.&#39;s impending financial shortfall, sank deeper in Monday trading as low-cost carriers took a hit from lowered analyst ratings and rising oil prices.
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U.S. airlines raised fares by up to  $10 one-way for tickets geared at business travelers, taking  advantage of robust demand at the tail end of the peak summer  travel season.
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HEAVY suitcases aren&#39;t the only things weighing down aeroplanes and requiring them to burn more fuel, pushing up the cost of flights.
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A sharp drop in oil prices in recent  weeks has been an unexpected boon to the recovering U.S.  airline industry, but some airlines will not see the full  benefit, having locked in prices nearer this summer's peak.
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QANTAS is suffering an unexpected softening in passenger demand, particularly on international routes, as the impact of the rising global oil price starts to strike consumer spending.
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Delta Air Lines, United Airlines and  Continental Airlines have all raised their domestic fuel  surcharges, matching a move by American Airlines amid soaring  fuel prices.
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Major U.S. airlines have boosted fares in some domestic markets, matching an increase initiated by low-cost carrier AirTran Airways, airlines, analysts and travel Web sites said on Tuesday.
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Soaring fuel costs continued to cast a shadow over British Airways today, despite better-than-expected half-year results from the airline.
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ATLANTA - Heavy suitcases arenât the only things weighing down airplanes and requiring them to burn more fuel, pushing up the cost of flights.
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Toppled by the rise of discount airlines, the average airfare paid by the nation&#39;s business travelers has fallen to what may be the lowest point ever.