Summary
DALLAS (AP) American Airlines is reducing some flights and considering charging for onboard food amid increasing fuel prices and intensifying competition from low-cost carriers, the company's chairman and chief executive said Thursday.
Gerard Arpey's comments to financial analysts in New York came one day after American's parent, AMR Corp., said it was discussing refinancing an $834 million line of credit. AMR said in a filing with the Securities and Exchange Commission that it needs additional relief since August revenues fell short of expectations.See the full content of this document
Extract
American Airlines Parent Considering New Credit Line
The disclosure further worried analysts already uncertain about Amer...
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