What, Again?? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-11.10.25

AirborneNextGen-
11.11.25

Airborne-Unlimited-11.12.25

Airborne-Unlimited-11.06.25

AirborneUnlimited-11.07.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Sat, May 17, 2003

What, Again??

AAL Brings Up The "B" Word Again

It could still happen. That's the word from Fort Worth (TX) and the headquarters of the world's biggest airline - American.

That word came Thursday, even after the airline's three major unions backed a company plan calling for billions in savings through layoffs and cuts in compensation.

It also came on the heels of Don Carty's resignation as AMR Corp's CEO.

Cuts May Not Be Enough

In a filing to the Securities and Exchange Commission, AMR said "because its financial condition will remain weak and its prospects uncertain," the company may yet file for bankruptcy protection.

The filing blamed continuing weakness in the US economy, as well as the ongoing effects of the war on terror and the war to oust Iraqi dictator Saddam Hussein. The airline also blamed fear over SARS and (last, but not least) its own "inability ... to satisfy the liquidity requirements or other covenants in certain of its credit arrangements" as well as its "inability ... to access the capital markets for additional financing."

FMI: www.aa.com

Advertisement

More News

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: Bob Hoover At Airventure -- Flight Test and Military Service

From 2011 (YouTube Edition): Aviation's Greatest Living Legend Talks About His Life In Aviation (Part 5, Final) ANN is pleased to offer you yet another snippet from the public conv>[...]

Aero-News: Quote of the Day (11.12.25)

“All Air Traffic Controllers must get back to work, NOW!!! Anyone who doesn’t will be substantially ‘docked. For those Air Traffic Controllers who were GREAT PATR>[...]

ANN's Daily Aero-Linx (11.12.25)

Aero Linx: American Navion Society Welcome to the American Navion Society. Your society is here to support the Navion community. We are your source of technical and operating infor>[...]

ANN's Daily Aero-Term (11.12.25): Glideslope Intercept Altitude

Glideslope Intercept Altitude The published minimum altitude to intercept the glideslope in the intermediate segment of an instrument approach. Government charts use the lightning >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 10.03.25: Phantom 3500 Buy, ‘Chinese Military Company’, NOTAM Redesign

Airborne Affordable Flyers 10.02.25: MOSAIC Start Date, AFE25 Tickets, ePulitzer

Airborne 10.01.25: New Gulfstream G300, Affordable Flying Expo Tkts, Starship 11

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC