Thursday, July 17, 2008

Airlines Face The Abyss

A recent report predicts several major U.S. airlines will be forced to liquidate in the.
American Airlines jets line up a gates at Chicago's O'Hare International Airport Wednesday, June 4, 2008 in Chicago. American Airlines will cut back flying later this year at many airports, including hubs in Dallas and Chicago, as it attempts to cope with record high fuel prices. The nation's largest carrier gave more details Wednesday about capacity reductions it announced last month. American said it will reduce departures at its Chicago O'Hare Airport hub by 28 flights and sister airline American Eagle would cut 34 flights, beginning in September.e coming months.

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