Air Transport World

AMR Corp. Chairman.(lambastes competitors for adding capacity/reducing fares)(Brief Article)

AMR Corp. Chairman and CEO Don Carty, returning to a favorite theme at American, criticized US competitors for adding capacity and then cutting fares to fill the extra seats, a move he described as "abject stupidity." In a speech to stock analysts, Carty said, "Unless the industry gets more disciplined about capacity out there, its long-term profitability prospects are rather weak. …

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