08-13-2002, 07:49 AM
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Join Date: Sep 2001 Location: IAH/HOU
Posts: 2,354
| 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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