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American Airlines Cuts Fares Amid Southwest Pressure

2015-02-24 21:41:20| Airlines - Topix.net

American is expected to lag in passenger revenue per available seat mile growth in the near term, wrote Cowen & Co.' s Helane Becker, who also downgraded the stock to market perform from outperform and cut the price target to 55 from 66. lowered fares as it promotes its new Dallas routes, and Becker was surprised that American slashed its fares to compete.

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