Latest News

Passenger traffic down at American

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.

Shares of AMR Corp., American's parent company (ticker: AMR) were down 31 cents at $10 per share in trading early Friday.

  Comments