from Bloomberg:
American Air, Eagle to End Flights to Eight Airports (Update1)
By Mary Schlangenstein
June 25 (Bloomberg) -- American Airlines and its American Eagle regional unit will end service to eight airports and drop flights at each hub as the carriers ground airplanes and lay off workers because of rising fuel prices.
American, the world's largest airline, and Eagle will trim 62 departures from Chicago, 43 from St. Louis and 42 each from Dallas-Fort Worth and New York's LaGuardia airport, according to a statement today. The AMR Corp. carriers provided details of fourth-quarter seating-capacity reductions of 12 percent at American and 11 percent at Eagle initially announced May 21.
U.S. airlines are trimming at least 11,850 jobs and taking 413 aircraft out of service as a 35 percent jet-fuel price surge this year erases profits. Carriers are also boosting fares and adding fees for checking bags or choosing aisle or window seats.
American will end flights to Barranquilla, Colombia, in addition to previously announced plans to drop service to Oakland, California, and London's Stansted airport.
Eagle will end flights at Albany, New York; Providence, Rhode Island; Harrisburg, Pennsylvania; and San Luis Obispo, California; in addition to Samana, Dominican Republic, which was announced earlier. Eagle will close a maintenance base at San Luis Obispo.
The company, based in Fort Worth, Texas, has yet to detail the ``thousands'' of jobs Chief Executive Officer Gerard Arpey has said will be part of the cutbacks.
AMR rose 23 cents, or 4 percent, to $5.94 at 1:33 p.m. in New York Stock Exchange composite trading.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0gOr4kHVLGU&refer=home