The world's largest in terms of revenue airline, American Airlines Group, reported that it would cut 11 international routes in late 2018 - early 2019 to reduce costs. As reported by the International Air Transport Association (IATA), jet fuel since the beginning of 2018 has risen in price by more than 30% following the increase in oil prices. Against this background, all major US airlines earlier announced plans to introduce fewer new routes this year, and also pointed to the possibility of the increase in ticket prices. Among the flights that will be canceled by American Airlines, are flights Chicago - Shanghai, Philadelphia - Munich and Los Angeles - Toronto.
Delta Airlines to reach a preliminary cost-cutting deal to prevent furloughs15.10.2020
United Airlines to cut costs amid the coronavirus outbreak07.10.2020
Trump demands Congress to give $25 billion in cash assistance for American airlines08.09.2020
Airlines group IAG to receive regulatory approvals for no-deal Brexit