the parent company of American Airlines may get more time to present a turnaround plan in federal bankruptcy court.
The Allied Pilots Association board will send American Airlines’ last and best offer to its members for a vote.
Leaders of the Allied Pilots Association will spend the weekend meeting with American Airlines management to find out more information about the airline’s final contract offer.
The Allied Pilots Association board has decided not to send American Airlines’ final contract offer to union members for a vote.
American Airlines says it will reduce flights in July partly because of a shortage of pilots due to more of them calling in sick. The 1 percent reduction in July’s schedule follows a 1.5 percent cutback in June.
American Airlines has stated for weeks it would only consider a merger after it emerges from bankruptcy. But late Friday, American says it would move up its timetable.
Hundreds of American Airlines employees marched on their company’s headquarters in Fort Worth Friday morning, carrying signs calling for change.
In the midst of bankruptcy proceedings Fort Worth-based American Airlines (AA) plans to spend hundreds of millions of dollars to accommodate business travelers in a more luxurious fashion.
According to an internal memo, AMR says 20 percent of its senior leadership will be laid off as American Airlines continues its third phase of reorganization since declaring bankruptcy.
American Airlines argued before a federal bankruptcy judge Monday that its union contracts need to be changed to make the company financially stable.
As promised, American Airlines has asked a bankruptcy judge to scrap its union contracts and restart negotiations from scratch.
American Eagle Airlines is proposing a slash of $75 million in yearly employee costs. It’s all part of the regional airlines’ restructuring plan outlined Wednesday morning.