Airlines back off fare hike, but future increases loom

Article Abstract:

Major airlines abandoned an attempt to increase fares for the second time in Feb 2000. However, industry experts expect carriers to try again soon in light of high jet fuel prices, which have significantly increased in the past year. In Jan 2000, fuel prices reached as high as $1 a gallon, up from 35 cents a year ago and the highest since 1991. Several airlines are expected to lose money during 1st qtr 2000 due to fuel costs.

American Airlines CEO poised for smooth takeoff

Article Abstract:

American Airlines CEO Robert Crandall, who will retire on May 20, 1998, after 18 years of leading the carrier, provided several insights on his experiences as top executive. Crandall said his position as chief financial officer, his involvement in marketing that included sales, advertising and the entire field of organization plus his five years as president have provided him a long apprenticeship for the CEO post. He said that he is able to pass on what he has learned mostly by involving a lot of people in the decision-making process.

Comment:

CEO Robert Crandall will retire on 5/20/98 after 18 years of leading the carrier

Executive changes & profiles, American Airlines Inc.

Holiday travelers hit with fare hikes

Article Abstract:

Memorial Day holiday travelers may face fare hikes as carriers are poised to proceed with their planned fare increases. Other airlines had already effected fare hikes, including Continental Airlines that increased fares on advance buy tickets by 5% on May 20, 1998. On May 21, 1998, US Airways and Delta had matched Continental's effort. According to Tom Parsons, editor of Best Fares magazine, the fare increase comes as carriers are experiencing near full capacity, paying much lower prices of jet fuel and achieving record profits.