American Airlines Second US Carrier to Trim Capacity as Fuel, Weather Bite
American Airlines on Tuesday became the second major US carrier to trim capacity plans as the industry looks to offset rising fuel costs with fewer flights and higher fares.
The unit of AMR Corp. (AMR) said it would reduce planned extra flying this year by a percentage point from existing guidance having said in January that consolidated capacity--which includes regional flying--would be 3.6% higher than in 2010.
The airline also said bad weather reduced revenue by around $50 million in January and February when it had to absorb the costs of storm-related closings at its Dallas-Fort Worth and Chicago hubs.
American's move follows that of Delta Air Lines …
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Publication information: Article title: American Airlines Second US Carrier to Trim Capacity as Fuel, Weather Bite. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: March 2, 2011. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2011 Gale Group.
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