Here We Go Again - Ugh!

[storminpilot]

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh43964_2005-03-21_19-48-41_n21357437_newsml

Continental Airlines says rescinds $5 fare increase
Mon Mar 21, 2005 02:48 PM ET

NEW YORK, March 21 (Reuters) - Continental Airlines Inc. (CAL.N: Quote, Profile, Research) has rescinded a fare increase of $5 per one-way flight, a spokeswoman for the carrier said on Monday.

Houston-based Continental had raised fares on Friday in a latest bid to offset some of the cost of skyrocketing fuel prices.

The spokeswoman did not explain the reason for the decision to reverse the fare increase, which would have been the third such move in recent weeks.

 

[wheelsup]

The spokeswoman did not explain the reason for the decision to reverse the fare increase, which would have been the third such move in recent weeks.

They want concessions from pilots.

~wheelsup

 

[cl65capt]

God forbid an airline try and make money. After they get consessions perhaps they can start a fare war like Delta.

 

[Dizel8]

Other than the labor issue, which I don't buy into, I wonder why CAL would rescind the raise? Could it be they are trying for U?

Interestingly, this was just posted about the good of airfares being raised!

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh42544_2005-03-21_18-23-44_n21212160_newsml

Oh well, round and round we go.