Fred Harteis News Articles - Airlines have begun to ground planes, raise fares and charge for checked baggage to compensate for higher jet fuel and an economic slowdown, and the losses reported Wednesday by two large carriers reflected the industry’s struggle to cope.
Both the AMR Corporation, the parent of American Airlines, and Delta Air Lines reported losses of more than a $1 billion, much of it on large write-downs as they try to deal with restructuring costs before Labor Day, when travel typically falls off.
The two ... more »
