Wednesday, May 21, 2008 , Updated 10:54 a.m., May 22, 2008
UPDATED: American Airlines’ parent company AMR makes capacity reductions
FORT WORTH — Fort Worth-based AMR Corporation, the parent company of American Airlines, Inc., announced significant reductions to its 2008 domestic flight schedule, including a fourth quarter mainline domestic capacity reduction of 11 percent to 12 percent from the previous year. It also outlined plans to retire at least 75 mainline and regional aircraft and unveiled several revenue growth initiatives, as the company responds to record fuel prices, growing concerns about the economy and a difficult competitive environment.
UPDATE: Passengers will also be charged $15 per checked bag.
Source: AMR Corporation; updated by ccuellar
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