CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Brainstorm: TECH Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

American cancels hundreds of flights

Flight cancellations soar at world's No. 1 airline as it sidelines a significant number of MD-80s, an older jet that makes up 45% of its fleet, for safety checks.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Chris Isidore, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) -- American Airlines said it canceled hundreds of flights amounting to more than 10% of its schedule for Wednesday as it performs more detailed inspections of a key aircraft model.

A statement from American said that the inspections pertain to questions raised by the FAA and American safety officials about how a certain bundle of wires is secured to the MD-80 aircraft. Airline spokesman Tim Wagner said that while the airline has not grounded any aircraft, the several hours needed to perform each inspection required the flight cancellations.

On Wednesday morning, American stated it would cancel 200 flights. By about 5:00 p.m. ET, American's cancellations ballooned to 338, according to FlightStats, an independent flight tracking service.

It is not known if the additional cancellations were for safety reasons or if they were flights on MD-80s. Afternoon calls to American Airlines were not immediately returned.

By comparison to Wednesday's total cancellations, FlightStats reported that American scratched only 28 flights on Tuesday for typical reasons.

American, a unit of AMR Corp. (AMR, Fortune 500), is the world's largest airline based on miles flown by paying passengers.

The MD-80 is the workhorse of the American fleet. American's Web site says the aircraft accounts for 300 of the airline's fleet of 655 jets.

The jet debuted in 1980 from McDonnell-Douglas, which was purchased by rival Boeing in 1997. Boeing (BA, Fortune 500) discontinued production of the aircraft in 1999. It says American is the largest operator of the aircraft.

The MD-80 issue is completely separate from a directive from the the FAA late Tuesday to the nation's airlines to inspect their older Boeing 737 jets for a problem with a bolt that causes fuel leaks. The problem has been linked to an August 2007 fire that destroyed a China Airlines 737 on the ground in Okinawa, Japan.

FAA spokeswoman Laura Brown said the 737 order only called for inspections, not the grounding of the aircraft. Among the carriers most affected by that order are Delta Air Lines (DAL, Fortune 500), Continental Airlines (CAL, Fortune 500), Southwest (LUV, Fortune 500) and UAL Corp.'s (UAUA, Fortune 500) United Airlines. She said that the FAA did not order American to ground the MD-80s. To top of page

Features
And the winners are...
Yes, strong local economies still exist. These small towns have 'em - plus great schools, affordable homes, low crime, and much more. More
6-figure towns Holmdel, N.J., residents pull in more than $159,000 a year. Which other places have high incomes? More
Best Places in your state Texas has six Top 100 towns on this year's list. See which three states tie it, plus the top towns near you. More
Markets Last Change
Dow Jones 8,711.82 95.61 / 1.11%
Nasdaq 1,885.03 22.13 / 1.19%
S&P 500 940.74 8.06 / 0.86%
10-year Bond 96 10/32 Yield: 3.57%
U.S.Dollar 1 euro = $1.415 0.004
July 16, 2009 4:04 PM ET
CompanyPrice% Change
CIT Group Inc 0.41 -75.00%
Motors Liq Co 0.40 -27.38%
Mosaic Co 50.14 12.55%
YRC Worldwide Inc 1.37 -11.61%
Jul 16 3:55pm ET †
6-figure towns Holmdel, N.J., residents pull in more than $159,000 a year. Which other places in our Best Places database have high incomes? More
J.D. Power: America's best-loved cars In J.D. Power's latest survey, new vehicle owners rate just how much they love their cars and trucks. The results include some pretty big surprises. More
Buy a foreclosure The foreclosure story is tragic for millions of Americans, but crashing home prices have provided numerous buying opportunities. Here are 5 bank-repossessions now on the market. More


© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.