ITYT Travel Forums  

Go Back   ITYT Travel Forums > Travel Companies & Programs > Airlines & Frequent Flier Programs > American Airlines (AA)
User Name
Password
Portal Register FAQ Members List Calendar Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Display Modes
  #1  
Old 02-04-2003, 04:17 PM
BovineOne BovineOne is offline
Senior Member
 
Join Date: Sep 2001
Location: AUS
Posts: 133
American Airlines Fights Bankruptcy

http://www.washingtonpost.com/wp-dyn...-2003Feb4.html

Quote:
American Airlines is burning through $5 million a day with little relief in sight, making industry experts nervous that the world's largest carrier is increasingly at risk of following United Airlines and US Airways into bankruptcy court.

The financial problem at American is fairly simple to understand: the money it takes in from passengers is down sharply, but the company has not cut expenses fast enough to keep up. What is difficult to gauge is whether executives at American can wring enough costs in the coming months, particularly from employees, to avoid Chapter 11.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Forum Jump


All times are GMT. The time now is 01:12 AM.


Other recommended forum communities:
Cooking Forum - Airstream Trailer Forum
Sailing Forum - Aquarium & Reef Forum
Royal Forum - Volkswagen Touareg Forum
Early Retirement Forum - Jeep Wrangler Forum
Whitewater Kayaking & Rafting Forum - Yoga Forum
Interference - U2, Pop Culture & Social Responsibility
Social Knowledge Networks
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.2.0

eXTReMe Tracker