ABC News: US airlines look to cut flights, up fares

American Airlines will cancel 15 daily flights. Continental will cut flights and raise fares by $20 per round-trip. Delta and NWAC are also raising fares.

All of the above actions are appropriate under the circumstances. The key is: will the increases in fares stick after the fuel situation improves. I expect that both American and Continental will be profitable airlines in 2006.