US airlines accumulate losses in the face of surging fuel costs.

US airlines accumulate losses in the face of surging fuel costs. After American Airlines and Delta, United Airlines and US Airways also reported huge losses in the second quarter -at $ 2.7Bn and $ 567M respectively. In consequence, they decided to reinforce their respective cost-cutting plans. They unveiled measures including shedding capacity, axing jobs, retiring older aircraft and deferring orders for new ones. Les Echos, Financial Times