Fares at a 156 year low?!

[FlyingSig]

AMR (AMR: news, chart, profile) said Wednesday that it fell $925 million, or $5.93 a share, into the red, vs. its loss of $414 million, or $2.68 a share, in the same period last year. Revenue tumbled 6.7 percent to $4.5 billion as passengers refused to pay higher prices for tickets, pushing fares to 156-year lows.


I'm assuming this is a typo... curious if anyone know this is a 15 year low, a 56 year low, or Arthur Anderson Acconting low.

Heck, Crandall would probably insist AMR came before the Wright Bros. anyway......

 

[jetexas]

Surely the fares can't be lower than when Wells Fargo started those stagecoach runs around the country in the 19th century?

 

[Dot_AK]

prolly a 15 or 16 year low - gets easy to hit two keys instead of one when when the coffee in your blood thins out.

 

[Captain X]

Well, back in 1846, airfares were running somewhere around the $0 mark (if memory serves correct).

So $0 adjusted for inflation and the dollar today....that sounds about right!

 

[willi7]

thats classic!! Amr probably told the government that to get some loans........ and it worked!!!!!!

 

[Publishers]

Yields

It would not be surprising at all if fares were now at an all time low adjusted for inflation. Fares since deregulation have not been keeping pace with more and more people flying on discounted tickets and airlines like SWA setting new standards for "full fare".

Either there was a typo or he is going back to stage coach days and cost to travel per mile.