joseephuss
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http://www.bloomberg.com/news/2011-11-29/amr-corp-s-flight-to-safety.html
AMR Corp.’s Flight to Safety
The parent company of American Airlines became the final large U.S. full-fare airline to seek court protection. How protected are you?
What could the AMR bankruptcy do to airfares?
They may continue to climb. AMR's reorganization should remove unnecessary aircraft/capacity from the industry, which will allow AMR's competitors to keep flights fuller and prices higher, Helane Becker, an analyst with Dahlman Rose & Co., said in a note to clients today.
"As long as fuel is inconsistent, airlines are still going to try to raise" rates, said Tom Parsons, CEO of travel website BestFares.com in Arlington, Texas.
Still, Parsons said, the company may be forced to reduce fares if advanced bookings drop.
American is "going to have to remain very competitive and they're not going to have the ease of saying, 'Oh we're just going to raise airfares.' I would just say right now, we'll still see some flying steals and deals and this is actually a great week to be buying."
AMR Corp.’s Flight to Safety
The parent company of American Airlines became the final large U.S. full-fare airline to seek court protection. How protected are you?
What could the AMR bankruptcy do to airfares?
They may continue to climb. AMR's reorganization should remove unnecessary aircraft/capacity from the industry, which will allow AMR's competitors to keep flights fuller and prices higher, Helane Becker, an analyst with Dahlman Rose & Co., said in a note to clients today.
"As long as fuel is inconsistent, airlines are still going to try to raise" rates, said Tom Parsons, CEO of travel website BestFares.com in Arlington, Texas.
Still, Parsons said, the company may be forced to reduce fares if advanced bookings drop.
American is "going to have to remain very competitive and they're not going to have the ease of saying, 'Oh we're just going to raise airfares.' I would just say right now, we'll still see some flying steals and deals and this is actually a great week to be buying."
