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Wednesday, March 30, 2011

American (AMR) Drops Two U.S.-Japan Flights on Low Demand

American Airlines (NYSE:AMR) announced it has suspended two of its daily flights to Japan as demand continues to fall in light of the earthquake in the country.

The airline said it will drop a daily flight from New York’s John F. Kennedy International to Tokyo’s Haneda airport and one of two daily trips from Dallas-Fort Worth International to Narita, according to American spokesman Ed Martelle. “It’s purely due to passenger demand,” he said.

Competitor Delta Air Lines Inc. (NYSE:DAL) has already dropped service to Haneda, although they continue to serve Narita, which is a spoke for overseas travel.

“Our scheduling people believe the situation will be stabilizing, but we’ll continue to monitor the situation and make whatever changes we have to make,” Martelle noted.

American Airlines was trading at $6.84, up $0.26, or 3.95 percent, as of 2:05 PM EDT.

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