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 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 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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… 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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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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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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According to an article in the Dallas Morning News, Southwest Airlines Co. has reported a loss of $16 million in the past three months. Southwest CEO, Gary Kelly cited special items such as employee reductions and fuel hedging as the cause of their financial losses.

The article said:

“The results included $66 million for the costs of an early-out program in which 1,400 employees accepted an offer to leave the company, or $27 million net of taxes. …

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According to an article in the Star-Telegram, Frontier Airlines emerged from Chapter 11 bankruptcy under the new ownership of Republic Airways Holdings, Inc.  Republic gained control of the bankrupt airline with a $108.8 million bid in bankruptcy court, which included a plan for the cancellation of the airline’s old shares. But despite the bankruptcy buyout, Frontier still has a tough fight in its Denver hub which is a competitive market. Most …

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According to the Business Journal, Frontier Airlines won approval for their Chapter 11 bankruptcy reorganization plan.  The airline filed for Chapter 11 bankruptcy in April 2008 after its primary credit card processor First Data Corp failed to release money earned from the sales of tickets to customers, which threatened Frontier’s liquidity.

The article said:

“This is an extremely proud day for everyone in our company,” …

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According to an article in USA Today, airlines are taking a financial beating as the recession worsens and many travelers cutback due to job loss fears.

The article said:

Leisure travelers have been worried about losing their jobs. To lure nervous vacationers, carriers have slashed summer fares, and experts report some of the cheapest travel prices in years.

All the major U.S. carriers except Southwest lost money last …

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