AMERICAN AIRLINES CANCELS MORE FLIGHTS

American Airlines canceled approximately 200 flights on Saturday, bringing the total for the week to over 3,000 flights canceled.

From MarketWatch:

Altogether, the Fort Worth, Texas-based carrier has canceled more than 3,000 flights since Tuesday when it grounded its MD-80 fleet after the Federal Aviation Administration said the plane's wiring in its wheel wells wasn't bundled properly.

The decision removed more than 39,000 seats from the carrier's service fleet and stranded tens of thousands of customers.

The flight cancellations are expected to have cost AMR more than "tens of millions of dollars," Chief Executive Gerard Arpey said in a news conference on Thursday.