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Bard
09-30-2005, 11:30 AM
I reported weeks ago, that 4 out of our 6 MAJOR airlines were bankrupt, the last two if I'm not mistaken, are Delta and American, they are going down soon, watch & see.

Believe it or not, major airlines are done.







Top airline cuts flights over oil price

http://finance.myway.com/ht/nw/bus/20050930/hlm_bus-eic058450.html

Friday September 30, 12:43 PM EDT


NEW YORK (Reuters) - American Airlines, the No. 1 U.S. air carrier, on Friday said it decided to temporarily cancel 15 daily round-trip domestic flights from its two largest hub airports because of the skyrocketing price of jet fuel.

The airline, owned by AMR Corp. (AMR), said the cancellations would take effect October 5 and last at least through October 29. After that, they could be restarted depending on what happens with fuel prices, AMR said in a statement.

In addition to the cancellations to U.S. airports that will still be served by other American Airlines flights, AMR said it plans to discontinue service between Chicago's O'Hare airport and Nagoya, Japan, at the end of October, also because of jet fuel prices.

Refinery outages caused by Hurricanes Rita and Katrina have made worse an already bad situation for U.S. airlines. In addition to record crude prices, the airlines are paying as much as a 60 percent premium for refined jet fuel.

That has pushed the price they pay per barrel of fuel above $100, industry association the Air Transport Association said.


2005 Reuters Limited.

Omega
09-30-2005, 11:53 AM
I can remember when flying was fun, and people dressed up to go on a plane.

MapleLeaves
09-30-2005, 12:15 PM
Bard, do you mean defunct?

When I read your title, I was thinking "they defunked the airplanes? They smelled that bad?"

If major airlines are "done", what do you think is the next step then? :)