Both Airlines Have Declined to Comment on Reports That a Merger Is Imminent
The Airline and Its Pilot Union Have Agreed to Resume Stalled Contract Talks
Businesses make mistakes all the time. Unfortunately, when they blunder, the reprecussions can be wide, from customer data being compromised to employees losing their jobs and shareholders getting wiped out. Here's a look at 10 foul-ups of 2011. 1. Bank of America: The $5 Fiasco When Bank of
Faced with high labor costs and rising prices for jet fuel, American Airlines parent company AMR filed today for Chapter 11 bankruptcy. Once the world’s largest airline, American is deeply in the red, and in recent months its cash reserves have been falling. The company...
American Airlines and American Eagle’s parent companies are filing for Ch. 11 bankruptcy protection. AMR Corp. and AMR Eagle Holding Corp. said Tuesday in a statement that the move is “in the best interest of the companies and its shareholders.”
America's airlines seem likely to receive a hefty bailout from Congress this week. But is the multibillion-dollar package necessary? In the wake of the Sept. 11 terrorist attacks on the United States, in which four airplanes were hijacked and crashed, prospects for the industry look bleak. With