More Job Cuts Likely At American Airlines
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DALLAS -- American Airlines&#39; chief executive is warning of more job cuts to reduce costs as the carrier struggles to compete with lower-overhead airlines.
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Troubled US Airways is to cut hundreds of management and non-union jobs, and cut wages, in a bid to save $45m (Â£25.2m) a year towards its survival.
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Delta Air Lines said it would eliminate up to 7,000 jobs and US Airways said it would start charging passengers to make reservations by telephone or at an airport ticket counter.
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Several Wall Street analysts cut their  forecast on earnings for American Airlines parent AMR Corp.  AMR.N on Thursday while the airline's chief executive said  high fuel prices had stung the world's largest carrier.
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Delta Air Lines Inc. DAL.N, the No.  3 U.S. carrier, said on Sunday it will cut 2,000  aircraft-maintenance jobs, up to 3,100 customer-service jobs,  and between 1,600 and 1,800 supervisory and administrative  personnel as part of a previously announced plan to cut total  staffing by 7,000.
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Many United Airlines employees face a dimmer career outlook after learning the airline proposes wage cuts, job cuts and pension terminations to help pare $2 billion from annual costs.
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American Airlines on Wednesday said record-high fuel costs pushed it to a hefty third-quarter loss and warned it must cut costs and find new revenue sources to survive in a world of soaring oil prices.
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Continental Airlines Inc. said yesterday it would cut about 425 jobs, or 1 percent of its work force, through staff reductions, attrition, and elimination of unfilled vacancies as part of an effort to trim expenses by another $200 million.
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American Airlines is in talks with The Boeing Co. to defer delivery of some aircraft as airline capacity exceeds demand and pushes down ticket prices, Chief Financial Officer James Beer said.
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Continental Airlines Inc.   plans to eliminate about 425 management and clerical jobs, and wage cuts may be next if the revenue picture does not improve, the No. 5 U.S. carrier said on Thursday.
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Delta Air Lines Inc., the number three  U.S. carrier, plans more job cuts as it struggles to avoid  bankruptcy, Chief Executive Gerald Grinstein said in a memo to  employees on Wednesday.
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American Airlines, the world&#39;s largest airline and a major supplier of passenger transport to Hawaii, has announced plans to furlough 450 pilots and 650 mechanics over the next few months because of soaring jet fuel costs.
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Bankrupt US Airways Group. Inc.  said on Monday it would eliminate hundreds of management and nonunion jobs and impose wage and other cuts to save more than &#36;45 million annually as it tries to overhaul its business and survive.
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DALLAS -- American Airlines is reducing flights and considering charging for onboard food amid increasing fuel prices and intensifying competition from low-cost carriers, the company&#39;s chairman and chief executive said Thursday.
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ALEXANDRIA, Va. -- Airline workers' woes are piling up as carriers seek to cut costs.
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DALLAS Â· American Airlines is reducing some flights and considering charging for onboard food amid increasing fuel prices and intensifying competition from low-cost carriers, the company&#39;s chairman and chief executive said Thursday.
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American Airlines reported Monday that it will defer the delivery of 54 aircraft in order to postpone capital spending and allow the airline more flexibility in its restructuring.