Passenger traffic slid last month at American Airlines and American Eagle amid worries that an economic slowdown will mean fewer travelers taking to the skies.
Fort Worth-based American Airlines reported September traffic slid more than 9 percent in September, compared to September 2007. The airline cut its capacity by about 7 percent during the month, which meant that airplanes were flying with about 2 percent fewer passengers per flight, at about 77 percent full.
Regional affiliate American Eagle also saw a big drop, with passenger traffic down 17 percent for the month and average passenger loads of 65 percent, down about 6 percentage points.
American is planning to cut its schedule by 8 percent during the last three months of this year, anticipating the travel slowdown. The reduction has meant thousands of job cuts at the airline.
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Shares of AMR Corp., American's parent company (ticker: AMR) were down 31 cents at $10 per share in trading early Friday.