The article below from NYTimes.com has been sent to you by psa188@xxxxxxxxx /--------- E-mail Sponsored by Fox Searchlight ------------\ THE CLEARING - IN THEATERS JULY 2 - WATCH THE TRAILER NOW An official selection of the 2004 Sundance Film Festival, THE CLEARING stars ROBERT REDFORD and HELEN MIRREN as Wayne and Eileen Hayes - a husband and wife living the American Dream. Together they've raised two children and struggled to build a successful business from the ground up. But there have been sacrifices along the way. When Wayne is kidnapped by an ordinary man, Arnold Mack (WILLEM DAFOE), and held for ransom in a remote forest, the couple's world is turned inside out. Watch the trailer at: http://www.foxsearchlight.com/theclearing/index_nyt.html \----------------------------------------------------------/ 2 Airlines See Damage From Fuel Costs May 20, 2004 By REUTERS The chief executives of the parent companies of United Airlines and American Airlines said yesterday that record high oil prices were hurting the carriers, two of the world's largest. Glenn F. Tilton, head of UAL, the parent company of United Airlines, said, "If not for fuel prices, I'd be able to say we'd be profitable this quarter." Mr. Tilton also said that United, which is operating under Chapter 11 bankruptcy protection, was matching fare increases announced on Tuesday by Continental Airlines. The increases, if not rescinded for competitive reasons, will add $10 each way to flights up to 1,000 miles and $20 each way to flights of 1,000 miles and longer. Several other carriers also matched Continental's fare increases yesterday. American said it was matching the increase in European markets, but was still evaluating domestic fares. Delta Air Lines, the No. 3 U.S. carrier, said it had matched Continental's increases. Northwest Airlines said it has selectively matched the increase. The largest discounter, Southwest Airlines, said it was considering fare increases. Another big discounter, JetBlue Airways, said it did not plan to raise prices. In Fort Worth, Gerard J. Arpey, chief executive of American Airlines' parent, the AMR Corporation, lamented the effect of higher fuel prices. Mr. Arpey, who was named to the additional post of chairman at the annual shareholders' meeting there, said American had achieved a degree of financial stability compared with a year ago when it teetered on the brink of a bankruptcy filing. But he said that its fuel prices were expected to increase by $600 million to $700 million from last year's levels. "If not for fuel, we would have been building a lot more momentum," Mr. Arpey said at a news conference after the shareholders' meeting. He said he did not see the airline turning away from a cost-cutting plan announced a year ago. Early in April, the chief financial officer of AMR, James Beer, said he saw an extra $400 million in additional fuel costs for the year. Since then, crude oil prices have risen further, to a 21-year high. American has said that each penny rise in the price of a gallon of jet fuel adds more than $30 million to its annual costs. Many airlines have been saying for months that soaring jet fuel prices were eroding their bottom lines. Securities analysts say this threatens the chance of an industrywide profit in 2004. In trading yesterday, shares of AMR fell 29 cents, to $10.54. Continental Airlines stock closed down 32 cents, at $10.48. Delta edged up 2 cents, to $5.17. Southwest dropped 12 cents, to $14.77. JetBlue rose 23 cents, closing at $27.21. Mr. Arpey will replace Edward A. Brennan as AMR's chairman. Mr. Brennan will remain on the board. http://www.nytimes.com/2004/05/20/business/20fuel.html?ex=1086058291&ei=1&en=85b1327d165b9236 --------------------------------- Get Home Delivery of The New York Times Newspaper. Imagine reading The New York Times any time & anywhere you like! Leisurely catch up on events & expand your horizons. Enjoy now for 50% off Home Delivery! Click here: http://homedelivery.nytimes.com/HDS/SubscriptionT1.do?mode=SubscriptionT1&ExternalMediaCode=W24AF HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact onlinesales@xxxxxxxxxxx or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@xxxxxxxxxxxx Copyright 2004 The New York Times Company