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

NBAA Responds To GA/BA Operational Restrictions

Bolen Issues Statement Reinforcing Need To Reopen Government The National Business Aviation Association’s President and CEO issued the statement below in response to further >[...]

Boeing Deliveries Surge to Pre-Pandemic Levels

Output May Reach Its Best Since 2018 Despite Trailing Behind Airbus Boeing delivered 53 jets in October, bringing its 2025 total to 493 aircraft and marking its strongest output si>[...]

Spirit Forecasts Financial Turbulence

Low-Cost Airline Admits “Substantial Doubt” It Can Stay Airborne Spirit Airlines has once again found itself in financial trouble, this time less than a year after clai>[...]

Singapore Adds a Price Tag to Going Green

Travelers Leaving Changi Will Soon Pay for Sustainable Fuel Starting April 2026, passengers flying out of Singapore will find a new fee tucked into their tickets: a Sustainable Avi>[...]

NTSB Final Report: Arlie L Raber III Challenger 1

Pilot Was Having Difficulty Controlling The Airplane’S Rudder Pedals Due To His Physical Stature Analysis: The pilot was having difficulty controlling the airplane’s ru>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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