UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D. C. 20549

                          _____________

                            FORM 8-K

                         CURRENT REPORT

             Pursuant to Section 13 or 15(d) of the

                 Securities Exchange Act of 1934


Date of earliest event
  reported:  September 22, 2004


                     American Airlines, Inc.
     (Exact name of registrant as specified in its charter)


         Delaware                      1-2691               13-1502798
 (State of Incorporation)      (Commission File Number)    (IRS Employer
                                                         Identification No.)


4333 Amon Carter Blvd.      Fort Worth, Texas              76155
 (Address of principal executive offices)            (Zip Code)


                         (817) 963-1234
                (Registrant's telephone number)



   (Former name or former address, if changed since last report.)



Check  the  appropriate  box below if  the  Form  8-K  filing  is
intended to simultaneously satisfy the filing obligation  of  the
registrant under any of the following provisions:

[ ]  Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))



Item 8.01 Other Events

American  Airlines,  Inc.,  a  wholly  owned  subsidiary  of  AMR
Corporation   (AMR),   is  filing  herewith   AMR's   Eagle   Eye
communication  to investors.  This document includes  (a)  actual
fuel  price,  unit cost and capacity and traffic information  for
July   and  August,  (b)  forecasts  of  unit  cost  and  revenue
performance,   fuel   prices,   capacity   estimates,   liquidity
expectations,   other   income/expense   estimates,    statements
regarding   the   company's  future  financing  activities,   and
statements  regarding the company's liquidity and (c) information
regarding  the  fully  drawn  $834  million  credit  facility  of
American Airlines, Inc.






                            SIGNATURE



     Pursuant to the requirements of the Securities Exchange  Act
of  1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                                        American Airlines, Inc.



                                        /s/ Charles D. MarLett
                                        Charles D. MarLett
                                        Corporate Secretary



Dated:  September 22, 2004










AMR EAGLE EYE

September 22, 2004

     Statements  in  this report contain various  forward-looking
statements  within the meaning of Section 27A of  the  Securities
Act  of  1933,  as  amended, and Section 21E  of  the  Securities
Exchange  Act of 1934, as amended, which represent the  Company's
expectations or beliefs concerning future events.  When  used  in
this   document  the  words  "expects",  "plans,"  "anticipates,"
"indicates,"  "believes,"  "forecast,"  "guidance"  and   similar
expressions  are intended to identify forward-looking statements.
Forward-looking  statements  include,  without  limitation,   the
Company's   expectations  concerning  operations  and   financial
conditions, including changes in capacity, revenues,  and  costs,
future  financing needs, overall economic conditions,  plans  and
objectives  for future operations, the impact on the  Company  of
its  results  of  operations for the past  three  years  and  the
sufficiency  of  its financial resources to absorb  that  impact.
Other forward-looking statements include statements which do  not
relate  solely to historical facts, such as, without  limitation,
statements  which discuss the possible future effects of  current
known  trends or uncertainties, or which indicate that the future
effects  of  known trends or uncertainties cannot  be  predicted,
guaranteed  or assured.  All forward-looking statements  in  this
report  are based on information available to the Company on  the
date  of  this  report. The Company undertakes no  obligation  to
publicly update or revise any forward-looking statement,  whether
as a result of new information, future events or otherwise.  This
document includes forecasts of unit cost and revenue performance,
fuel  prices,  capacity estimates, liquidity expectations,  other
income/expense  estimates,  statements  regarding  the  Company's
future   financing  activities,  and  statements  regarding   the
Company's   liquidity,  each  of  which  is   a   forward-looking
statement.  Forward-looking statements are subject to a number of
factors  that could cause the Company's actual results to  differ
materially  from  the  Company's  expectations.   The   following
factors, in addition to other possible factors not listed,  could
cause  the  Company's  actual results to differ  materially  from
those  expressed  in  forward-looking  statements:   changes   in
economic,   business  and  financial  conditions;  the  Company's
substantial  indebtedness; continued high  fuel  prices  and  the
availability  of fuel; the residual effects of the war  in  Iraq;
conflicts in the Middle East or elsewhere; the highly competitive
business  environment  faced  by  the  Company,  with  increasing
competition  from  low  cost carriers and historically  low  fare
levels  (which  could result in a deterioration  of  the  revenue
environment);  the  ability  of  the  Company  to  implement  its
restructuring   program  and  the  effect  of  the   program   on
operational  performance and service levels;  uncertainties  with
respect to the Company's international operations; changes in the
Company's   business  strategy;  actions  by  U.S.   or   foreign
government   agencies;  the  possible  occurrence  of  additional
terrorist attacks; another outbreak of a disease (such  as  SARS)
that  affects travel behavior; uncertainties with respect to  the
Company's  relationships with unionized and other  employee  work
groups;  the ability of the Company to satisfy existing financial
or  other  covenants  in  certain of its credit  agreements;  the
availability of future financing; the ability of the  Company  to
reach  acceptable  agreements with third parties;  and  increased
insurance  costs and potential reductions of available  insurance
coverage.   Additional  information concerning  these  and  other
factors  is  contained in the Company's Securities  and  Exchange
Commission  filings, including but not limited to  the  Company's
Annual Report on Form 10-K for the year ended December 31, 2003.

We  are  providing updated guidance due to the further escalation
of  fuel  prices  and  a  relatively  weak  revenue  environment.
Additionally, as a result of the adverse impact of these  factors
on  our  financial results, we are updating disclosure  regarding
the  fully  drawn $834 million bank credit facility  of  American
Airlines, Inc. (American).

Performance Update

Costs:   Third  quarter  2004 fuel price  guidance  changes  from
$1.25/gallon  to  $1.27/gallon.   Full  year  2004,  fuel   price
guidance changes from $1.17/gallon to $1.20/gallon.

Revenue:  August 2004 revenue was weaker than expected.  A number
of  factors are contributing to the weakness in industry revenue,
including:   excess  industry capacity, more  frequent  and  more
deeply discounted fare sales and the continued aggressive pricing
and  growth  of  Low  Cost  Carriers.   In  addition,  hurricanes
adversely impacted both revenues and expenses in August and  will
impact September to an even greater degree.

As a result, third quarter 2004 mainline unit revenue is expected
to  decline  between 2.5 and 3.5 percent year over  year.   On  a
consolidated  basis,  AMR passenger unit revenue  for  the  third
quarter  is  expected to be lower than last year  by  1.7  -  2.7
points year over year.



Credit Facility

American  has  a  fully drawn $834 million bank  credit  facility
secured by aircraft that expires December 31, 2005.  The facility
contains a liquidity covenant and an EBITDAR (generally, earnings
before  interest, taxes, depreciation, amortization and  rentals,
adjusted for certain non-cash items) to fixed charges (generally,
interest   and   total  rentals)  ratio  covenant  (the   EBITDAR
Covenant).  The liquidity covenant requires American to  maintain
a  minimum level of $1.0 billion of unrestricted cash and  short-
term   investments  (the  Liquidity  Covenant).   Prior  to   the
amendment  of  the bank credit facility referred  to  below,  the
required  EBITDAR to fixed charges ratio was 1.3 to 1.0  for  the
nine-month period ending September 30, 2004, 1.4 to 1.0  for  the
twelve-month period ending December 31, 2004, and 1.5 to 1.0  for
each  of  the  four  consecutive calendar quarters  ending  after
December 31, 2004.

While  American  fully  expects  to  comply  with  the  Liquidity
Covenant,   American  recently  determined   that,   because   of
continuing  record high fuel prices and weakness in  the  revenue
environment,  it  might not be able to comply  with  the  EBITDAR
Covenant as of September 30, 2004 and it was unlikely to  be
able to comply with the EBITDAR Covenant as of December 31, 2004.
To  address  this  situation,  on September  22,  2004,  American
obtained  an amendment to the bank credit facility to  lower  the
required  EBITDAR to fixed charges ratio to 1.0 to  1.0  for  the
nine-month  period ending September 30, 2004 and 0.9 to  1.0  for
the  twelve month period ending December 31, 2004.  The  required
ratio  remains  1.5  to  1.0 for each  of  the  four  consecutive
calendar  quarters ending after December 31,  2004.   To  address
this,  American  is in active discussions to refinance  its  bank
credit facility with one or more credit facilities or term  loans
(collectively, the Replacement Facility) in the fourth quarter of
2004.   American  has engaged Citigroup Global Markets  Inc.  and
JPMorgan  Chase  to  act  as arrangers  in  connection  with  the
Replacement Facility.  While American believes that  it  will  be
able  to  obtain  the Replacement Facility on  acceptable  terms,
there can be no assurance that American will be able to do so.

A number of banks, financial institutions and other institutional
lenders  are parties to the bank credit facility.  From  time  to
time, several of the banks or their affiliates perform investment
banking  and advisory services for, and provide general financing
and banking services to, American and its affiliates.


Liquidity

We  expect to end the third quarter with a total cash and  short-
term   investment  balance  of  about  $3.6  billion,   including
approximately  $480  million in restricted  cash  and  short-term
investments.


                                      Kathy Bonanno
                                      Director Investor Relations




AMR EAGLE EYE


Fuel Forecast

Fuel Hedge Position:
     3Q04:  Hedged on 9% of consumption at $32/bbl WTI Crude

AMR Fuel Price (Including Hedges and Taxes) and Consumption
                                      Actual           Forecast
                                    Jul    Aug     Sep   3Q04    2004
       Fuel Price (dollars/gal)    1.18   1.28    1.35   1.27    1.20
       Fuel Consumption (MM gals) 293.2  292.6   258.8  844.7 3,274.0

Unit Cost Forecast

AMR Consolidated Cost per ASM
                                     Actual            Forecast
                                    Jul    Aug     Sep   3Q04    2004*
       AMR Cost per ASM (cents)    9.83  10.08   10.75  10.20   10.15

American Mainline Operations Cost per ASM
                                     Actual            Forecast
                                    Jul    Aug     Sep   3Q04    2004*
       AA Cost per ASM (cents)     9.42   9.64   10.30   9.77    9.71


Capacity and Traffic Forecast

AA Mainline Operations
                                     Actual            Forecast
                                    Jul    Aug     Sep   3Q04    2004
       ASMs (millions)           15,544 15,536  13,504 44,584 174,224
         Domestic                10,265 10,304   9,023 29,592 117,775
         International            5,279  5,232   4,481 14,992  56,449

       Traffic                   12,605 12,192   9,775 34,572 129,380

Regional Affiliate Operations
                                     Actual            Forecast
                                    Jul    Aug     Sep   3Q04    2004
       ASMs (millions)              951    968     941  2,860  10,863

       Traffic                      694    660     570  1,924   7,195

Below the Line Income/Expenses

          Total Other Income/(Expense) is estimated at ($190) million
          during each of the third and fourth quarters of 2004.


* 1Q04 and 2Q04 as reported