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American Airlines (AAL) Stock Closed Up, Will Offer Basic-Economy Tickets

NEW YORK (TheStreet) -- Shares of American Airlines (AAL) closed up by 1.27% to $41.59 on Friday, as the company plans to offer cheap, no-frills tickets by the end of 2016, combating competition from ultra-discount carriers such as Spirit Airlines (SAVE), the Chicago Tribune reports.

Not all of the details have been squared out but American, along with United Continental (UAL), will take steps to entice budget-fliers with basic-economy tickets, which will exclude benefits such as choosing your seat ahead of your flight and being able to receive refunds on tickets. The...


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