American Airlines said it expects a fall in traffic and revenue in the third quarter of the current year. The carrier also expects its mainline capacity to drop by 9.7 per cent in September as compared with previous month.

Mainline passenger traffic is also expected to fall by 16.4 per cent in September.

The company expects its mainline costs to soar to around 12.28 cents per available seat mile during the third quarter.

On the other hand mainline revenue could plunge about 15.5 per cent in the third quarter.

It may be noted here that shares in AMR had gained 20 per cent in the Thursday trading after company’s announcement that it would raise $2.9 billion to improve its business and would add flights to profitable routes.

But, in the Friday morning trading shares dipped to $8.34, losing 5.2 per cent on the NYSE.