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Old 06-03-2002, 07:35 PM   #1
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Third Attempt to Raise Airfares Crumbles

Third Attempt to Raise Airfares Crumbles

CHICAGO (Reuters) - The third attempt by financially struggling U.S. airlines to raise airfares since the Sept. 11 attacks failed after Continental Airlines Inc. (NYSE:CAL - News) over the weekend rescinded its hike of late last week.

"The third attempt since mid-April to raise leisure fares by $20 roundtrip, which Continental Airlines initiated May 30, now is officially a bust," said Tom Parsons, chief executive of
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