SF Gate: American tacks fuel surcharge back onto U.S., Canadian tickets

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inancial2122EST0387.DTL
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Thursday, January 15, 2004 (AP)
American tacks fuel surcharge back onto U.S., Canadian tickets



   (01-15) 18:22 PST FORT WORTH, Texas (AP) --
   American Airlines on Thursday re-imposed a fare surcharge increase that =
it
had dropped last month, blaming the decision on high jet fuel prices.
   The fuel surcharge, which is effective immediately, adds $3 for each
one-way ticket and $6 for round-trip flights in the United States and
Canada.
   With the increase -- which rival carriers declined to match -- American's
fuel surcharge is now $13 on one-way trips and $26 round-trip.
   "Fuel prices have continued to escalate, leading to American's decision =
to
re-impose this modest increase in its fuel surcharge," the Fort Worth,
Texas-based airline said in a statement.
   American, the world's largest airline, said the average spot price for a
gallon of jet fuel two months ago was 83 cents. The average price on
Thursday had risen to 99 cents per gallon.
   Each 1-cent increase in the price of jet fuel translates into an
additional $30 million annual expense for American, the company said.

On the Net:
   AMR: www.amrcorp.com

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Copyright 2004 AP

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