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Canceled Flights Latest Blow for Airline Industry

American Airlines canceled thousands of flights this week because of safety inspections ordered by the Federal Aviation Administration — yet another problem for a beleaguered industry. Soaring fuel prices have led four airlines to declare bankruptcy in the past few weeks.

Jerry Chandler, who writes a travel blog for Cheapflights.com, talks with Scott Simon about what's behind the safety inspections and what the industry needs to do to get on sounder financial footing.

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