American Airlines parent AMR Corp stated it has adjusted its winter schedule, resulting in a 3% year-on-year reduction in mainline capacity in 4Q2011, according to a Wall Street Journal report. Full-year 2011 mainline capacity will increase by 0.4% and consolidation capacity will increase 1.2%. The reductions will "modestly" increase the company's unit costs based on volatility in oil prices and foreign-exchange rates, the company said. The carrier also stated it would retire up to 11 of its 124 B757 fleet in 2012.
11-Oct-2011 12:01 PM