January 4, 2015 |
American Airlines and merger partner US Airways could enjoy more than $2.5 billion in "tailwinds" in 2015 because Philadelphia's dominant airline does not hedge its jet-fuel costs and does not have profit-sharing with employees, a Wall Street analyst said Friday. American is one of the few major airlines that does not buy hedges, which are futures contracts that lock in fuel prices in advance. Declining oil prices should be worth at least $1.3 billion to American, airline analyst Hunter Keay of Wolfe Research L.L.C.
May 30, 1996 |
You might go to the airport someday soon and get the impression that American Airlines basically owns the joint. If American Airlines buys USAir Group, more than 70 percent of Philadelphia International Airport's domestic flights would be operated by American. And for Philadelphia travelers, that could mean higher fares and, maybe, fewer flights to choose from, some airline experts say. Right now, it's far from certain that American will buy USAir. But that possibility is reportedly being discussed by American Airlines and British Airways, which appear to be on the verge of a major trans-Atlantic alliance.
August 5, 1990 |
AIRPORT SURCHARGE. American Airlines has begun imposing ticket surcharges of $1 to $4 on each departing passenger at five U.S. airports, in effect passing on to customers charges that the airports have assessed the airline. The airports are New York's La Guardia, Newark International and those in New Orleans and in Fort Myers and West Palm Beach, Fla. The surcharges reflect disagreements over fees between the airline and the airports. At La Guardia, for instance, the airline objects to some airport- improvement costs with which it has been saddled.
January 3, 1991 |
American Airlines said yesterday that it would lay off an unspecified number of workers because what it termed an illegal sickout by pilots has forced the carrier to cut back its flight schedule. The nation's largest airline said it would reduce the number of flights by 4 percent in mid-January because of what it said was an organized effort by pilots to slow operations to protest a lack of progress in contract talks. The carrier normally operates about 2,300 daily flights worldwide.
March 26, 2008 |
FORT WORTH, Texas - American Airlines canceled about 200 flights today so its crews can inspect some wire bundles aboard its MD-80 aircraft. The canceled flights represent less than 10 percent of the nation's biggest airline's scheduled service for the day. American canceled most of its flights scheduled for today between Philadelphia International Airport and its hub at Chicago O'Hare Airport, and other flights to its Dallas/Fort Worth and...
March 23, 1989 |
In a bid to gear up for the next decade, American Airlines said yesterday that it had placed orders for 75 twin-jet aircraft from Dutch manufacturer Fokker and 35 jetliners from Boeing Co. "Taken together, these transactions complete the task of positioning American for the 1990s," chairman Robert Crandall said at a news conference. The airline, owned by AMR Corp. in Fort Worth, Texas, also took options to purchase another 75 aircraft from Fokker. The order is the largest in Fokker's history, it said.
August 10, 2012 |
American Airlines' pilots overwhelmingly rejected a tentative agreement with the bankrupt airline Wednesday, putting their fate before a federal bankruptcy judge and potentially delaying US Airways' quest to merge and create the world's biggest airline. The Allied Pilots Association, representing 8,000 pilots, voted 4,600 against and 2,935 in favor of the tentative contract. An approval would have sped American's plan to restructure and emerge from Chapter 11 reorganization as a stand-alone company, or part of a merger, one airline analyst said.
August 21, 2012
American Airlines flight attendants have approved cost reductions, including changes to work hours and pensions, sought by the bankrupt carrier, the union said Sunday. Despite the "yes" vote, union leaders said they continue to support a merger with US Airways Group Inc. and have "zero confidence" in American's current management. "We firmly believe that the only way for American Airlines to grow and compete and perhaps even to survive is through a merger" that puts US Airways chief executive Doug Parker and his team in charge, the Association of Professional Flight Attendants said on its website.
October 12, 2012
American Airlines said Thursday it will reduce its flight schedule by 1 percent through the first half of November because of continuing flight delays and cancellations. While "encouraged" by improvements in some performance metrics, the Fort Worth, Tex.-based carrier said "overall, we are not yet back to the levels our customers deserve and expect. " The change will not affect holiday travel, American said in a memo to employees. American earlier reduced its flying by 1 percent to 2 percent through October.
December 1, 2012 |
A significant group of financial creditors of bankrupt American Airlines said it would support a stand-alone carrier after bankruptcy only if there were to be a new board of directors - and key stakeholders, including labor, were part of the selection. The group laid out its position in a letter to American pilots' union president Keith Wilson made public to 8,000 members of the Allied Pilots Association (APA) on Wednesday. The 12 creditors, represented by the law firm Milbank, Tweed, Hadley & McCoy, said that as "material" stakeholders "we intend to be one of the primary negotiators of any plan of reorganization.