American Cuts Flights and May Charge for Food

Due to current increases in fuel prices, along with escalating competition from low-cost carriers like Southwest Airlines Co. and JetBlue Airways, American Airlines is taking into consideration new sources of revenue. This may mean a decrease in available flights for passengers and even a fee for onboard food. AMR Corp., American’s parent, is also considering refinancing an $834 million credit line to cover costs. Whatever the case, American must increase profits to begin paying for its more than $22 billion debt.