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14-Mar-2011 5:25 AM

American Airlines abandons fare increase

Analysis

American Airlines announced it will give up its attempt to raise ticket prices USD10 per round-trip, after other US carriers declined to match the increase. Carriers have raised prices several times in 2011, citing the need to cover the rising price of fuel. Shares in US carriers were generally higher, although shares in United Continental, Atlas Air and Hawaiian Airlines all traded down.

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