Re: American Airlines Increases Domestic US Fares

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It should have been more than $5 by one way.. by logic someone would think
the fare increase percentage wise should be equal or close to the oil price
percentage increase.

BAHA
Fan of UA..

-----Original Message-----
From: The Airline List [mailto:AIRLINE@xxxxxxxxxxxxxxxxx] On Behalf Of
lafrance@xxxxxxxxxxx
Sent: Wednesday, September 22, 2004 2:13 PM
To: AIRLINE@xxxxxxxxxxxxxxxxx
Subject: American Airlines Increases Domestic US Fares

American Airlines Increases Domestic US Fares



Wednesday September 22, 3:38 PM EDT


FORT WORTH (Dow Jones)--AMR Corp.'s (AMR) American Airlines raised most
domestic fares, saying the hike was necessary to offset the high cost of jet
fuel.

In a press release Wednesday, the airlines said it was raising fares within
the U.S. and fares from the U.S. to Canada by $5 one way and $10 for a round
trip.

Each one-cent rise in the price of a gallon of jet fuel costs American more
than $30 million a year. Crude oil prices remain well above $40 a barrel, up
substantially from a year ago, the airline pointed out. If the current
increase in oil prices year-over-year were to remain in place, AMR Corp.
would incur more than $1 billion in added fuel expense over the coming year,
the company said.

-Anjali Cordeiro; Dow Jones Newswires; 201-938-5400;
AskNewswires@xxxxxxxxxxxx


Roger
EWROPS

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