American Airlines Reports Record Profit
- 9 years ago
American Airlines plans to offer a version of the low-fare, no-frills approach to flying that is boosting profit margins at discount carriers.
Officials at American, the world's biggest airline, say they need to fight back against small but fast-growing rivals including Spirit Airlines and Frontier Airlines, which are known for cheap fares, lots of extra fees, and poor service.
American has many frequent fliers who will pay more for premium service, said Scott Kirby, the airline's president.
American disclosed its plans as executives discussed the company's record-breaking third-quarter profit.
American Airlines Group Inc. reported that net income jumped 80 percent to $1.69 billion thanks to a huge drop in fuel spending.
Officials at American, the world's biggest airline, say they need to fight back against small but fast-growing rivals including Spirit Airlines and Frontier Airlines, which are known for cheap fares, lots of extra fees, and poor service.
American has many frequent fliers who will pay more for premium service, said Scott Kirby, the airline's president.
American disclosed its plans as executives discussed the company's record-breaking third-quarter profit.
American Airlines Group Inc. reported that net income jumped 80 percent to $1.69 billion thanks to a huge drop in fuel spending.