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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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Texas Health Southwest breaks ground on $40M expansion

A $40 million expansion of Texas Health Harris Methodist Hospital Southwest Fort Worth is under way, with groundbreaking ceremonies held this week.

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Home health firm relocates to Ridglea from downtown

Southwest Home Health Services has leased new headquarters space in the Ridglea East Building in West Fort Worth, setting a plan in motion to relocate Oct. 1 from the downtown.

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American's CEO says demand for travel still bright

DAVID KOENIG, AP Airlines Writer


DAVID KOENIG, AP Airlines Writer


FORT WORTH, Texas (AP) — The CEO of American Airlines says travel demand is still strong and he is not worried about airlines adding so many flights that they will drive down prices.

American Airlines Group Inc. CEO Doug Parker said Tuesday that airlines can charge profitable fares even as they add seats, which is different than in past years, when they were losing money.

Parker's upbeat tone contrasted with comments from Air France-KLM, which lowered its 2014 earnings forecast because overcapacity on international flying is hurting profits. Last month, Deutsche Lufthansa AG issued a similar warning.

American is expected to release June traffic figures this week. Parker declined to say what the statistics will show, but he said, "We're happy with the demand we are seeing for the product throughout the world." He dismissed the idea that there might be too much capacity on key routes, such as between the U.S. and Europe.

"There happens to be some growth internationally from a number of carriers, including American Airlines, in response to increased demand," he said. "That's what should happen."

In the past, airlines struggled when jet fuel prices rose or overcapacity caused a drop in the average fare per mile, called yield. Most carriers are profitable now despite fuel prices which are high by historical measures, and that is partly because they have been successful at controlling the number of seats and preventing prices from falling.

American, which owns US Airways, earned $480 million in the first quarter. Analysts expect net income to top $1.2 billion for the second quarter, according to a survey by FactSet.

"The airline is doing very well," Parker said. "We expect to continue to do very well."

Parker made the comments after a ground-breaking ceremony for a new flight operations center, the first new building at American's headquarters complex in more than 20 years. The center will house employees who coordinate and track flights.

American Airlines shares were down 11 cents at $39.99 in afternoon trading. Its shares are up 11 percent for the past three months but are about flat for the past year.
 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?