The airline reduced capacity by 5percentt soon after commercial jets crashed into the World Trade Center and the Pentagon.
Southwest Airlines, the largest discount airline, reduced its highest one-way ticket price 25percentt yesterday, sharpening fare competition as larger rivals cut service to try to stem losses.
The airline reduced its seat and flight capacity by 23percentt after the attacks and cut about 11,000 jobs because of lower ticket sales.
Continental's traffic, or miles flown by paying passengers, declined 7.2percentt as the airline reduced service and cut fares about 15percenttoto attract more passengers.
The airline reduced the number of seats and flights throughout the quarter, and its systemwide capacity was down 8.3percentt from the period two years ago.
If an airline reduces the number of economy seats, it can maintain the same level of service there while adding premium seats.
Mr. Haji-Ioannou, who last year stepped down as chairman of EasyJet, sold eight million shares of the airline, reducing his EasyGroup holding company's stake to 70.1 million shares, or 17.8percentthethe carrier said in a Regulatory News Service statement.
In a letter to the Air Transportation Stabilization Board, the airline reduced its loan guarantee request to $1.1 billion from the $1.6 billion it had sought until last week, according to someone who saw the revised application.
Why has Europe passed its own laws to make airlines reduce their CO2 emissions?
And few things make them happier than seeing network airlines reduce service and increase fares, giving the discounters a big and profitable opening to expand.
