American raises $200M, looks for $3.5B in fuel savings:

12/3/2008 | Bloomberg Businessweek

With traffic falling faster than capacity, AMR Treasurer Beverly Goulet stressed that American Airlines "has a strong track record for dialing back capacity when we've thought it's been needed." Goulet also said the company has reached a $200 million sale-leaseback deal on its American Eagle turboprop fleet, and that fuel costs in 2009 should drop by $3.5 billion. The company expects to cut capacity by 6% next year.

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