【单选题】

PeopleExpress

PeopleExpress, founded inApril 1981, grew rapidly on the basis of low fares and no-frills service. It soon became a leading airline and (19) changed the industry as firms constantly engaged in price wars to lure passengers. Then, PeopleExpress’ bubble (20) because it overexpanded, consumer complaints mounted and other airlines matched its fares on popular routes. In 1986, PeopleExpress (21) hundreds of millions of dollars and was forced to sell out to TexasAir, the owner ofContinental andEasternAirlines.
In early 1987, TexasAir (22) PeopleExpress into itsContinental division and industry observers believed (23) the costly fare wars would be endeD、They could not have been more wrong. To stimulate business for its (24) ContinentalAirlines, TexasAir instituted a new low fare category (25) MaxSaver. The fare offered prices that were up to 40 per cent lower than "supersaver" rates offered (26) all airlines. For example, the round-trip MaxSaver fare from New York to Houston was $79. The MaxSaver fares were immediately matched by all major airlines, (27) feared losing business.
While MaxSaver rates were low, they also had restrictions. Tickets could not be (28) or flight times modified after purchase. Passengers would have to stay over either a Saturday or Sunday, Reservations had to be made at least two days (29) and there were limited seats available. Three weeks after MaxSaver rates were (30) AmericanAirlines announced plans to raise its discount fares and require 30-day (31) purchasing for its lowest fares. It felt it could not continue at the rates in effect. However, just 10 days (32) AmericanAirlines had to revise its plan. TexasAir refused to abandon the MaxSaver fare; it even extended the program into the busy summer sea son.Competitors went along and the price war raged on, (33) an executive’s comment that "nobody’s cost structure can survive MaxSavers.\
A．lately
B．later
C．late
D．latter