American Airlines intends to decrease the amount of domestic flights it offers by between 11 and 12% after the end of summer of 2008. Earlier this year, American Airlines had only meant to lower the amount of flights by 4.6%.

In the meantime, the parent company of American Airlines, AMR Corp, suffered at the stock market. Its shares went down by a full 24% this week. Presently, a share of AMR stock costs $6.22, which is less than it used to cost just a day ago by $1.98.