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Old 08-13-2002, 07:49 AM   #1
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American Airlines cuts another 7,000 jobs

American Airlines cuts another 7,000 jobs

Quote:
American Airlines, the world's largest airline, is to cut 7,000 more jobs, ground aircraft and cancel new deliveries as part of a plan to cut its operating costs by at least $1.1bn a year.

The Dallas-based carrier reported a loss of $465m in the quarter to the end of June after a $785m deficit in 2001. The airline has already cut thousands of jobs and trimmed capacity to compensate for weak travel demand and the competitive effect of low-fare airlines such as Southwest.
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