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-11.03.25

AirborneNextGen-
11.04.25

Airborne-Unlimited-11.05.25

Airborne-Unlimited-11.06.25

AirborneUnlimited-10.17.25

Affordable Flying Expo Tickets (Discount Code: AFE2025): CLICK HERE!
LIVE MOSAIC Town Hall, 1800ET, 11.07.25: 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's Daily Aero-Linx (11.06.25)

Aero Linx: The International Civil Aviation Organization (ICAO) The International Civil Aviation Organization (ICAO) is a United Nations agency which helps 193 countries to coopera>[...]

NTSB Final Report: Champion 7GC

About 25 Days (9.3 Hours) Before The Accident, The Airframe Was Modified With Different Landing Gear Legs, Wheels, And Brakes Analysis: The pilot reported that during the landing r>[...]

Aero-FAQ: Dave Juwel's Aviation Marketing Stories -- ITBOA BNITBOB

Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]

Aero-News: Quote of the Day (11.06.25)

“Over 2025, Vertical has shown that when we set targets, we deliver. Whilst maintaining our industry-leading capital efficiency, we are not only demonstrating all piloted fli>[...]

ANN's Daily Aero-Linx (11.06.25)

Aero Linx: Air Medical Physician Association (AMPA) The Air Medical Physician Association (AMPA) is the largest professional organization of physicians dedicated to rotor wing (hel>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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