AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Officials of the Allied Pilots Association (APA) have voiced concern that American Airlines will lay off more pilots and ground aircraft due to increased fuel prices and competition from low-cost airlines.
Financial analysts have predicted that American Airlines could be set to lose USD242m in its third quarter which traditionally has been the airline's strongest period of the financial year. A spokesperson for the airline said that American Airlines' chairman and CEO Gerard Arpey and chief financial officer James Beer are set for talks over new initiatives to improve the airline's fortunes.
APA president Ralph Hunter has already voiced his concerns over the use of narrow-bodied aircraft on some domestic routes when the price of oil is so high. Under the terms of a contract between American Airlines and the APA ratified in 2003 the airline can still lay off a further 861 pilots even though it has already laid off 2,591, reports The Associated Press.
((Comments on this story may be sent to aii.feedback@m2.com))
Officials of the Allied Pilots Association (APA) have voiced concern that American Airlines will lay off more pilots and ground aircraft due to increased fuel prices and competition from low-cost airlines.
Financial analysts have predicted that American Airlines could be set to lose USD242m in its third quarter which traditionally has been the airline's strongest period of the financial year. A spokesperson for the airline said that American Airlines' chairman and CEO Gerard Arpey and chief financial officer James Beer are set for talks over new initiatives to improve the airline's fortunes.
Related Results
((Comments on this story may be sent to aii.feedback@m2.com))
COPYRIGHT 2004 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
No comments:
Post a Comment