American Airlines said passenger traffic dropped 2.8 percent in January as planes were not as full.
The Fort Worth-based carrier said its capacity was down slightly to 0.2 percent and its passenger load factor declined 2.1 percentage points to 78.2 percent.
American reiterated to Wall Street analysts that it expects its first quarter unit revenues to be down two to four percent. And with fuel prices beginning to rise, American said it now expects fuel to cost 10 cents higher and the airline will pay between $1.81 to $1.86 per gallon of fuel.
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