American Airlines expects more than 50% drop in fourth-quarter capacity

American Airlines expects dramatic capacity cuts to continue this quarter. It said Thursday it expects fourth-quarter capacity to be down more than 50%, with long-haul international capacity down 75% year over year. American Airlines Group Inc. (NASDAQ: AAL) reported third-quarter earnings Thursday that saw revenue of $3.2 billion, down 73% year over year, and a net loss of $2.8 billion or $5.54 per share, excluding special items. The loss of $5.54 per share beat the average analyst estimate of…

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