American Fare Cuts Presage Price War
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American Airlines slashed its fares to Miami yesterday by as much as 85 percent from several cities including Washington's Reagan National Airport, possibly setting off a winter fare war on routes to Florida.
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American Airlines. the world&#39;s largest carrier, today struck back at its low-cost competitors, lowering some fares for flights, including some from LaGuardia Airport to Miami.
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Record high prices for jet fuel is the reason why American Airlines is being force to cut more than 1,000 employees, says CEO Gerard Arpey.
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Northwest, Continental, and Delta have a frequent flyer alliance. Too bad they're so stingy with their rewards.
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Some fear that American consumers will pull back from their exuberant spending, cooling demand for goods worldwide and dragging down the global economy.
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Two of the largest US airlines - American and Southwest - blame record fuel prices for their poor quarterly results.
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Airline fares are at historic lows, but you get what you pay for. Airlines have cut back on food service, started charging passengers to talk to human beings when making reservations, stuffed extra seats onto already-crowded planes and in one instance, done away with in-flight pillows.
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New York (Dow Jones) -- American Express Co. said Friday it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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An âopen skiesâ agreement would deregulate the trans-Atlantic airline market, and could lower fares.
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American Airlines says it will begin charging a service fee of $5 or $10 to buy a ticket over the phone or at an airport counter, copying a similar move by Northwest Airlines.
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The nation&#39;s two largest airlines, American and United, announced on Wednesday that they would cut flights at O&#39;Hare International Airport to ease congestion that has been delaying flights from coast to coast.
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In WASHINGTON story headlined, &quot;US consumer spending softened in November,&quot; please read in the fifth graph... meaning that Americans were setting aside 0.3 cent out of each dollar... instead of... setting aside 3 cents out of each dollar.
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News that Delta Air Lines Inc. cut its  fares by 50 percent on some flights may fuel a low-fare  revolution that could cripple or kill costlier carriers,  analysts said on Wednesday.
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Airlines are famous for cutting and raising fares immediately after their competitors take such actions. Now, it seems, theyâre applying the same strategy to cost reductions.
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Several Wall Street analysts cut their  forecast on earnings for American Airlines parent AMR Corp.  AMR.N on Thursday while the airline's chief executive said  high fuel prices had stung the world's largest carrier.
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Electronics retailer trims guidance as Americans curb spending.
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New York and other major US cities are considering fees for those driving during rush hour.