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-12.01.25

AirborneNextGen-
12.02.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

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

NTSB Prelim: Cirrus Design Corp SR20

The Airplane Made An Uncommanded Right Yaw And Roll, And He Was Unable To Maintain Control Of The Airplane On November 11, 2025, about 1750 central standard time, a Cirrus SR20, N8>[...]

ANN's Daily Aero-Linx (11.30.25)

Aero Linx: Florida Antique Biplane Association "Biplanes.....outrageous fun since 1903." That quote really defines what the Florida Antique Biplane Association (FABA) is all about.>[...]

ANN's Daily Aero-Term (11.30.25): Wind Shear Escape

Wind Shear Escape An unplanned abortive maneuver initiated by the pilot in command (PIC) as a result of onboard cockpit systems. Wind shear escapes are characterized by maximum thr>[...]

Aero-News: Quote of the Day (11.30.25)

“Working closely with the Polish Armed Forces, we’re focused on disciplined execution to help enhance Poland’s defense capabilities and keep up with the strong de>[...]

Airborne 11.26.25: Bonanza-Baron Fini, Archer v LA NIMBYs, Gogo Loses$$$

Also: Bell 505 on SAF, NYPA Gets Flak For BizAv 'Abuse', FAA Venezuela Caution, Horizon Update Textron Aviation has confirmed it will be ending production of the Beechcraft Bonanza>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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