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Page added on September 30, 2005

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The Airline Crisis Is About to Get Much Worse

Top airline cuts flights over oil price

Refinery outages caused by Hurricanes Rita and Katrina have made worse an already bad situation for U.S. airlines. In addition to record crude prices, the airlines are paying as much as a 60 percent premium for refined jet fuel. That has pushed the price they pay per barrel of fuel above $100.

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