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American Airlines is headed toward its most lucrative summer season in years, with heavy passenger loads and higher fares, the airline's chief executive told employees Tuesday night.
Gerard Arpey, CEO of the Fort Worth-based airline, said American has been "scratching and clawing" for the past five years to boost its sagging revenues. That drive has been producing results, thanks to cuts in airline capacity, strong travel demand and 57 fare increases in 2005.
"We should be able to fill our planes at better fares than we'd had in a long time" during the busy summer travel season, Arpey told several hundred employees at the carrier's Tulsa maintenance base.
And he pointed out that some Wall Street analysts are forecasting a profit for 2006.
Investors have taken notice, pushing American's stock up nearly 140 percent in the past year. Shares of AMR Corp., American's parent company (ticker:AMR), closed at $25.45 per share Tuesday, up 20 cents.
story here
American Airlines is headed toward its most lucrative summer season in years, with heavy passenger loads and higher fares, the airline's chief executive told employees Tuesday night.
Gerard Arpey, CEO of the Fort Worth-based airline, said American has been "scratching and clawing" for the past five years to boost its sagging revenues. That drive has been producing results, thanks to cuts in airline capacity, strong travel demand and 57 fare increases in 2005.
"We should be able to fill our planes at better fares than we'd had in a long time" during the busy summer travel season, Arpey told several hundred employees at the carrier's Tulsa maintenance base.
And he pointed out that some Wall Street analysts are forecasting a profit for 2006.
Investors have taken notice, pushing American's stock up nearly 140 percent in the past year. Shares of AMR Corp., American's parent company (ticker:AMR), closed at $25.45 per share Tuesday, up 20 cents.
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