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Tuesday, August 26, 2014

American pulls fares from Orbitz after failing to reach a deal, (NASDAQ: AAL), (NYSE: OWW)

The world's largest airline, American Airlines Group Inc, said on Tuesday it was immediately pulling its airfares from online travel sites operated by Orbitz Worldwide Inc after the companies failed to reach a commercial agreement. "Our goal is to keep fares low for customers while remaining competitive with low-cost carriers," American said in a statement on its website."We were unable to reach a deal with Orbitz with economics that allow us to do that."Orbitz was not immediately available to comment.American became the world's largest airline after its merger with US Airways. American said US Airways fares will be pulled from Orbitz starting Sept. 1.

Anglo American plc (Anglo American) is a mining company. Shares of AAL fell by 0.48% or $-0.19/share to $39.23. In the past year, the shares have traded as low as $15.28 and as high as $44.88. On average, 12518800 shares of AAL exchange hands on a given day and today's volume is recorded at 3337757.

Orbitz Worldwide, Inc. is a global online travel company (OTC) that uses technology to enable leisure and business travelers to research, plan and book a range of travel products and services. Shares of OWW fell by 7.41% or $-0.625/share to $7.80. In the past year, the shares have traded as low as $6.40 and as high as $10.70. On average, 1742940 shares of OWW exchange hands on a given day and today's volume is recorded at 4120617.



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