by Christopher Freeburn | June 14, 2013 10:09 am
One airline’s jets are about to get a little more crowded.
At a company “Town Hall” meeting in Fort Worth, Texas, on Tuesday, AMR’s (AAMRQ) American Airlines said that it will increase the number of seats on Boeing (BA) 737 and MD-80 planes in its fleet. The number of new seats has not been established yet, USA TODAY notes.
By increasing the number of seats on its planes, American hopes to raise the amount of ticket and fee revenue it generates per flight. However, Federal Aviation Administration rules also mandate one flight attendant for every 50 seats. Since the company’s 737s currently have between 148 and 150 seats per plane, adding more seats could mean the airline will have to add another flight attendant on each flight.
Other airlines have also boosted seat counts, including Southwest Airlines (LUV), which has added six seats to some of its 737s.
Earlier this year, American Airlines announced plans to merge with US Airways (LCC), forming the world’s largest carrier in a deal worth $11 billion.
Source URL: http://investorplace.com/2013/06/american-airlines-to-squeeze-more-seats-on-planes/
Short URL: http://invstplc.com/1aLDio8
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.