SFGate: American raises most domestic fares to help battle pricey fuel costs

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This article was sent to you by someone who found it on SFGate.
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inancial0041EDT0010.DTL
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Thursday, July 29, 2004 (AP)
American raises most domestic fares to help battle pricey fuel costs



   (07-29) 21:41 PDT FORT WORTH, Texas (AP) --
   American Airlines has raised its fares by $10 round trip on most of its
domestic flights because of the rising costs of jet fuel.
   The nation's largest carrier announced the increase late Thursday, the
latest of several similar efforts to help offset the fuel expense. Other
airlines have instituted fuel surcharges this summer, but most of those
hikes have later been rescinded when rivals declined to match them.
   The increases are $5 for one-way and $10 for round trips on most domestic
flights, flights from the United States to Canada, Puerto Rico and the
Virgin Islands. The airline said it also increased some international
fares.
   American, a unit of Fort Worth, Texas-based AMR Corp., said that every
1-cent rise in the price of a gallon of jet fuel costs it more than $30
million a year. The airline and its regional affiliates spent more than
$900 million on fuel in the second quarter, nearly 42 percent more than
the same quarter last year.

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Copyright 2004 AP

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