American, Continental Look to Cut Flights

AMR Corp.’s American Airlines plans to cancel 15 daily round-trip domestic flights from its two largest hub airports because of the high price of jet fuel, the No. 1 U.S. air carrier said.

Rival Continental Airlines Inc. said it was considering similar flight cutbacks, adding that it had also responded to the fuel price surge by raising domestic fares. Delta Air Lines Inc., which has filed for bankruptcy protection, and American said they were matching Continental’s $20 round-trip fare increase.