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

American Airlines cuts another 7,000 jobs

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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