According to an article in the Dallas Morning News, American Airlines in implementing job losses as it attempts to avoid bankruptcy and dig itself out of a financial hole. Approximately, 921 flight attendants at American Airlines will face unemployment, while 228 other employees will be furloughed.  Already, 224 employees have taken two-month involuntary leaves in lieu of job losses. In June, American Airlines warned that it would probably …

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According to an article in the Star-Telegram, American Airlines has cut its fleet from 900 planes to 600. Because it has fewer planes, the company announced 700 job losses and the closure of its Kansas City maintenance base. The job losses will affect mechanics, engineers, management as well as union and non-union workers. No job losses have been announced for the Fort Worth maintenance facility; but if the airline industry continues to …

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According to an article in Reuters, many U.S. companies in the airline, automobile, television and publishing industries are about four times more likely to file for Chapter 11 bankruptcy in the next year than companies in other industries, according to a study by Audit Integrity.

The article said:

“Among companies with more than $1 billion in market capitalization, the study showed that No. 3 U.S. drugstore chain Rite Aid Corp was most at risk of …

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According to an article in the Star-Telegram, American Airlines is implementing nearly 1,600 job losses due to drastic decreases in consumer demand for domestic and international flights. The company’s job losses come after yesterday’s announcement that it is cutting flights due to dropping consumer demand.

The article said:

At Dallas/ Fort Worth Airport, there will be 19 fewer American and American Eagle daily flights, with a …

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American Airlines is in the news again, competing with other airlines who have filed for bankruptcy such as Delta, Northwest, United and US Airways has been a struggle. According to an article in the Dallas Morning News , many analysts are wondering aloud about whether or not American Airlines would be better off filing for Chapter 11 bankruptcy.

Tom Horton, the CFO of American …

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According to an article in the Star-Telegram, American Airlines is experiencing more job losses, cutting 323 flight attendants by the end of the month as they downsize their operations by 7 percent due to shrinking demand for travel. The Fort-Worth based airline cut over 800 flight attendants last year due to the recession and is in the process of cutting more labor costs as it struggles to survive and avoid bankruptcy. The current move …

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If there ever was a time when the average, hard-working American homeowner needed a little help, it’s now. The economy is a complete and total mess. The financial markets are near collapse! Unemployment is at a 5-year high, and foreclosures are at record levels. But right now those that claim to represent the best interests of the average American working stiff, the small mom and pop shops and the senior citizens who depend on the stability of our …

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… months to help them through the lean fall and winter, many airlines such as United, US Airways and American are in a precarious situation financially because they rely on business travelers to pay for 1st class tickets.  Unfortunately for the airlines, many business flyers are avoiding air travel or opting to save money by flying coach.  For those carriers who filed bankruptcy in 2004 and 2005, they will be in a better position financially because they’ve shed debt and lowered labor and …

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… Originally, the government’s foreclosure program was supposed to save over a million American homeowners from foreclosure; but so far, only about 190,000 homeowners have received modifications designed to stop foreclosure. Millions more wait (often in vain) for a return phone call or letter from their lender regarding a modification of their mortgage so that they can avoid foreclosure. Right now there are 2.4 million Americans in foreclosure with very little hope of receiving …

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… to an article in the Dallas Morning News, Fort Worth based AMR Corp., parent company of American Airlines Inc., lost $375 million (15 percent of its revenue) in the first quarter of 2009.

The article said: “While lower fuel prices have provided a significant buffer against falling demand in 2009, the struggling economy and capital markets remain significant challenges for American and the rest of the industry,” AMR chairman and chief executive officer Gerard Arpey said. …

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According to an article in the Star-Telegram, American Airlines has frozen pay for 19,000 nonunion employees to avoid more job losses amid a steep drop in travel demand.

The article said: “The current economic recession has left organizations across the country facing unprecedented decisions about business, workforce, spending and overall operations,” Jeff Brundage, American’s senior vice president of human resources, wrote in a …

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Another sign of the times for the American worker–American Airlines contract negotiations with the union representing ground workers has come to a standstill. American Airlines has not been able to come to an agreement with the union representing over 12,000 bag handlers, instructors, simulator technicians, and storage clerks this past week. Because of several days of failed contract negotiations the union has requested that …

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