The story

The chief executive of American Airlines, which has grounded almost 2,500 flights over the past three days, accepted "full responsibility" Thursday for failing to meet government inspection standards.

"I am profoundly sorry that we've gotten ourselves into this situation, and I thank our customers for their patience under very difficult circumstances," American CEO Gerard Arpey said Thursday afternoon.

The airline canceled 933 flights on MD-80 jets Thursday and announced 570 would be scrapped Friday. Read full article »

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