November 30, 2011 |
Facing staggering labor costs, rising fuel prices and an uncertain economy, the parent company of American Airlines filed for bankruptcy protection and moved to reorganize the struggling operation. Even as Fort Worth-based AMR Corp.'s bankruptcy filing Tuesday left its 88,000 employees worried about their salaries and pensions, American sought to reassure passengers that it would not affect regular operations. American, the largest carrier at Los Angeles International Airport, said all tickets, reservations and frequent-flier reward points would be honored.
May 11, 2006 |
American Airlines needs to cut costs by more than $1 billion to keep its expenses in line with 2005 levels, the No. 1 U.S. airline's chief executive said Wednesday. American, a unit of AMR Corp., is "looking under every rock" for cost-cutting opportunities to offset record-high fuel prices, Gerard Arpey said on a webcast of a Bear Stearns Global Transportation Conference.
March 9, 2006 |
American Airlines' flight attendants, angry about the carrier's decision to pay managers $100 million in bonuses, said they would no longer cooperate with an effort between the company and unions to lower costs. The dispute, triggered by the January disclosure of the payments, is threatening Chief Executive Gerard Arpey's attempts to reduce costs and avert bankruptcy by courting the support of unions. The airline, a unit of AMR Corp.
October 21, 2011 |
San Francisco civic officials, in cooperation with the National Park Service and the Presidio Trust, are developing a 75 th anniversary program for the Golden Gate Bridge that will include a “75 Tributes” program beginning as early as January. Keep an eye here for more details . . . . The “No. 1 priority” for American Airlines and parent AMR Corp. is to bring down operating costs, Chairman and Chief Executive Gerard Arpey said Wednesday.. . . American Express Co. posted a third-quarter profit that beat analysts' estimates.
October 10, 2007 |
AMR Corp.'s American Airlines pilots set the tone for upcoming contract talks in a letter sent to Chief Executive Gerard Arpey by threatening to face off with the world's largest carrier "on the picket line." Allied Pilots Assn. officers expressed frustration with the carrier's push to continue joint efforts to cut operating costs and boost productivity while ignoring the union's concerns. American didn't return a call seeking comment on the Sept. 18 letter made public Tuesday.
February 14, 2004 |
The chief executive of American Airlines apologized after the pilot of a recent cross-country flight got on the intercom and asked all Christians aboard to raise their hands. The pilot, Rodger K. Findiesen of Annapolis, Md., has been grounded while the Feb. 6 incident is investigated, said Gerard Arpey, chief executive of American's parent, AMR Corp.