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-SpecialEpisode-12.15.25

AirborneNextGen-
12.16.25

Airborne-Unlimited-12.10.25

Airborne-AffordableFlyers-12.11.25

AirborneUnlimited-12.12.25

AFE 2025 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

Aero-News: Quote of the Day (12.18.25)

“These new aircraft strengthen our ability to respond quickly, train effectively and support communities nationwide. Textron Aviation has been a steadfast supporter in helpin>[...]

Classic Aero-TV: Viking Twin Otter 400--Bringing the DHC-6 Back Into Production

From 2011 (YouTube Edition): Rugged, Legendary, STOL Twin Makes A Comeback The de Havilland Twin Otter is an airplane with a long history, and it gained a reputation as a workhorse>[...]

NTSB Final Report: Rans Employee Flying Club Rans S-6ES Coyote II

A Wind Gust Lifted The Right Wing And The Airplane Turned To The Left Analysis: The pilot was departing from a 2,395-ft-long by 50-ft-wide turf runway. The pilot reported that afte>[...]

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

ANN's Daily Aero-Term (12.18.25): Braking Action Advisories

Braking Action Advisories When tower controllers receive runway braking action reports which include the terms “medium," “poor," or “nil," or whenever weather con>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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