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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (10648)	11/6/1998 5:34:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

I can't breath I'm laughing so hard.. I think I'll skip the Penn State Michigan game tomorrow to follow his next move..HA HA HA HA

To: yard_man who wrote (10648)	11/6/1998 5:37:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

Friday November 6 3:24 PM ET American Airlines Slows '99 Growth, Cites Economy By Carol Huang NEW YORK (Reuters) - American Airlines said Friday it was scaling back 1999 expansion plans since global economic uncertainty could reduce demand for travel. The nation's second-largest airline said it will retire 10 jetliners several years earlier than planned, including eight DC-10s and two 727-200s, raising its total jet retirements next year to 16. AMR Corp. (NYSE:AMR - news), American's parent, said the added aircraft retirements would not hurt employment levels, but should save $40 million in maintenance costs during the next three years. ''We believe we have struck the right balance for the next year, and will continue to monitor the marketplace to be sure we are poised for opportunities, yet not vulnerable to economic uncertainties,'' AMR Chief Financial Officer Gerard Arpey said. Concerns that global economic weakness could reduce business and leisure travel have hurt airline stocks, many of which have fallen 25 percent or more from highs reached in July. AMR also said it would defer next year's plans to start new flights from Chicago to Moscow and Amsterdam and a new non-stop flight from Miami to Asuncion, Paraguay. It said it also would postpone two new flights from Boston and New York to Tokyo because landing slots at Tokyo's Narita Airport were unavailable. The Fort Worth, Texas-based company said it was still planning to accept 45 new Boeing aircraft scheduled for delivery next year. An AMR spokesman said the 10 additional aircraft retirements would slow 1999 capacity growth to about 4 percent, the rate projected by AMR executives who said in October that the airline could slow 1999 growth from 6 percent to 4 percent. At the time, AMR said there was no sign of weakness in the domestic economy, but noted weakness on international routes had already reduced fourth quarter ticket bookings. AMR stock fell 62.5 cents to $66.69 on the New York Stock Exchange, well below its high of $89.25 reached in mid-July. The XAL index of airline stocks fell $4.43 to $308.54, down from a mid-July high of about $433. (Carol Huang, Wall Street Desk, 212-859-1730)