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Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
The Association of Professional Flight Attendants (APFA) is a labor union which was founded in 1977 and represents over 28,000 flight attendants at American Airlines.In 2003, APFA played a major role [citation needed] in keeping American Airlines solvent and out of bankruptcy by giving back an employee bailout of $340 million in annual salary and benefits, for a total of over $3 billion.
American Airlines, Inc. is a ... filed for bankruptcy protection. In 2013, American Airlines merged ... (TWU-IAM) represents the majority of American Airlines ...
The CEO of AMR Corp., parent company of bankrupt American Airlines, won't be getting a $20 million severance package from the company. A bankruptcy court judge in New York rejected the payment ...
You are probably surprised by the title of this article; after all, why should shareholders thank a government department that filed a lawsuit against their company? But the story of AMR , parent ...
By David Koenig DALLAS -- The parent of American Airlines wants to eliminate about 13,000 jobs -- 15 percent of its workforce -- as the nation's third-biggest airline remakes itself under ...
American was the last of the remaining legacy airlines in the US to file for bankruptcy, and thus there are no remaining legacy carriers that have not taken advantage of Chapter 11. The Air Transport Association group said that unofficial research states that AMR was the 100th airline company to go into bankruptcy protection since 1990.
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