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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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American cutting flights from NY, DC after merger

 

American Airlines sign. Photo by  CNN

DAVID KOENIG, AP Airlines Writer

 

 


DALLAS (AP) — American Airlines and US Airways will drop year-round, daily nonstop flights from Washington's Reagan National Airport to Detroit, San Diego and 15 other cities because of the deal they made to win government approval of their merger.

They will also end nonstop flights from New York's LaGuardia Airport to Atlanta, Cleveland and Minneapolis but will add service from LaGuardia to 10 other cities.

The combined company, American Airlines Group Inc., announced the changes Wednesday.

American and US Airways agreed in November to give up the space at Reagan and LaGuardia and a few gates at five other major airports. In exchange, the U.S. Justice Department dropped an antitrust lawsuit that threatened to derail their merger, which created the world's biggest airline operator.

Slots at Reagan and New York-area airports are limited, making them valuable when they become available. Southwest Airlines and Virgin America won the rights to buy the LaGuardia slots. An announcement is expected soon on who will get the Reagan slots and what cities they'll serve with them.

American and US Airways will remain major carriers at Reagan and LaGuardia.

Henry Harteveldt, a travel-industry analyst for consulting firm Hudson Crossing, noted that American is pulling out of several nonstop routes also flown by rival Delta Air Lines Inc., including Reagan to Atlanta, Detroit and Minneapolis and LaGuardia to Atlanta. At the same time, American will add a second daily nonstop between Washington and Los Angeles, and start new service to New York from secondary markets.

"This is American creating a truce with Delta," he said. "It's a smart move ... where you're not as strong, move your assets."

American's chief marketing officer, Andrew Nocella, said the changes were designed to minimize the effect of slot losses on service to smaller cities. He said the new combined airline "will fly more customers to more places than ever before."

Besides Detroit and San Diego, daily nonstops by American and US Airways will end between Reagan and Minneapolis; Montreal; Augusta and Savannah, Ga.; Fayetteville and Jacksonville, N.C.; Fort Walton Beach, Pensacola and Tallahassee, Fla.; Islip, N.Y.; Little Rock, Ark.; Myrtle Beach, S.C.; Nassau, Bahamas; and Omaha, Neb. It will switch from year-round to only seasonal flying to Fort Myers, Fla.

The company said dates for the changes would be announced in coming weeks. Travelers in those cities will have to fly through another American or US Airways hub city — or take another airline —to reach Washington.

Service will be added beginning April 1 between LaGuardia and Charlottesville, Norfolk, Richmond and Roanoke, Va.; Little Rock; Dayton, Ohio; Louisville, Ky.; Greensboro and Wilmington, N.C.; and Knoxville, Tenn.

Shares of American Airlines Group Inc. fell 3 cents to close at $28.84.


 

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