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Refinery outages caused by Hurricanes Rita and Katrina have made worse an already bad situation for
American's cutbacks were announced a day after Continental Airlines raised most fares on flights within the
"The skyrocketing price of jet fuel has forced American Airlines to take the regretful step," according to a statement issued by the Fort Worth-based airline, a unit of AMR Corp.
American also said it would discontinue flights between Chicago O'Hare and
Jet fuel costs have risen 39 percent in the past month. That alone prompted the decision, said Dan Garton, American executive vice president. American said jet fuel cost 91 percent more Thursday than in September 2004, while crude oil prices had increased just half of that amount, 45 percent, in the same period.
American said it cut back markets that would have plenty of other American flights operating.
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