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American, Delta get pinched by the rise of cheap airfares to Europe

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Major US carriers facing a challenge from European budget airlines are likely to fight back by extending overseas the basic economy prices they offer at home.

Dallas

ALREADY under pressure from discounters at home, major US airlines are facing a tighter squeeze abroad as low-cost rivals ramp up service across the Atlantic.

At American Airlines Group Inc, a measure of trans-Atlantic fares just plunged 9.1 per cent, the most since right

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