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American airlines cut flights, raise fares due to fuel
American airlines are warning of reduced flights and increased ticket prices due to rising fuel costs. American Airlines and United Airlines may have to cut back their operational capacity in the last quarter of the year, while Southwest expects ticket prices to rise to offset expenses. Officials indicated that ongoing high fuel prices will impact operational plans, with an anticipated fuel bill increase of around one billion dollars over the next three months, as the industry tries to boost revenue through premium cabin services.
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