Narrative:

ATC mixed up an instruction meant for a company aircraft with a similar call-sign and gave it to us; descend 4;000' [from 7;000']. Captain read back the instructions correctly. They quickly gave us a climb back up to 7;000'. I was adjusting the V/south (autopilot was on) to a climb; but captain suggested I hand fly back to 7;000' to expedite the climb; as a B737 departing newark was quickly approaching. I did just that and climbed back up to 7;000'. Captain challenged the controller at a later time but he was brushed off. He later called the TRACON on the ground and cleared up that it was ATC error and not our error. It was a very busy time for the TRACON and ATC instructions were rapid with few to no pause in between transmissions.avoid using nearly identical flight numbers in highly congested airspace.

Google
 

Original NASA ASRS Text

Title: First Officer reported impending conflict due to ATC clearance issued in error; which was attributed to similar call signs and congested airspace.

Narrative: ATC mixed up an instruction meant for a company aircraft with a similar call-sign and gave it to us; descend 4;000' [from 7;000']. Captain read back the instructions correctly. They quickly gave us a climb back up to 7;000'. I was adjusting the V/S (autopilot was on) to a climb; but Captain suggested I hand fly back to 7;000' to expedite the climb; as a B737 departing Newark was quickly approaching. I did just that and climbed back up to 7;000'. Captain challenged the controller at a later time but he was brushed off. He later called the TRACON on the ground and cleared up that it was ATC error and not our error. It was a very busy time for the TRACON and ATC instructions were rapid with few to no pause in between transmissions.Avoid using nearly identical flight numbers in highly congested airspace.

Data retrieved from NASA's ASRS site and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.