
DALLAS, July 2 (UPI) -- American Airlines has signaled it could cancel more flights, downsize hubs and consolidate facilities in its effort to become profitable.
Wednesday is the last day for than 3,000 flight attendants who are getting laid off.
"The reality is we will not be able to fly every nonstop route we fly today, nor will we be able to provide the same level of service in markets that cannot profitably support our current flight schedule," Gerard Arpey, American's president and chief executive, said in a statement.
Arpey did not offer specifics but said the airline would be announcing some decisions soon. He said American has talked with business, community and political leaders in cities where it flies or has operations about the "tough decisions" ahead.
American has lost more than $5 billion in the last two years, although its employees agreed to $1.8 billion a year in labor concessions, the St. Louis Post-Dispatch reports.
|
|
|
|
|
|
| Additional Business News Stories | |
BEIJING, May 21 (UPI) --
China has called "unfair" the U.S. anti-dumping ruling against Chinese solar power equipment.
|
LIMA, May 21 (UPI) --
Peru is going ahead with a $266 million upgrade of its fast aging combat aircraft while it considers how to keep its air force up to speed with changing technologies and modern warfare requirements.
|
Eleven of the nation's 20 largest metro areas based on population documented annual increases in foreclosure activity, led by the Florida cities of Tampa (59 percent) and Miami (38 percent). Other cities with increases included St. Louis (29...
|
If President Barack Obama is going to base his re-election campaign on touting his record on jobs, he's going to have criticism coming at him left and right
|
| Stories | Photos | People | Comments |
View Caption