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Google+ Gail La Grouw

Airline Industry Updates

American Airlines - June 2008

AA is struggling against the rising cost of fuel as oil escalated this week $135 a barrel. Does this account for futher defensive actions:

  • Further job cuts
  • Reduction of around 12% in its domestic flight operations,
  • Introduce a $15 charge for the first bag that a passenger checks in

The firm's share price tumbled by 24%.

 

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