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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.
By Karen Jacobs American Airlines said Tuesday that it has notified more than 11,000 workers that they could lose their jobs as part of its bankruptcy reorganization, and said it was cutting ...
American Airlines is laying off 656 employees as it restructures a new Customer Success team. ... The layoffs will eliminate 8.2% of its 8,000 customer service-related positions for a total of 656 ...
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.
Southwest Airlines suspended about 40% of its flights in late March and stored 50 aircraft but denied rumors of pilot furloughs or bankruptcy. [190] By the end of April, the airline canceled about 50% of its flights through late June, parked 350 of its 742 aircraft, delayed many Boeing 737 MAX deliveries, and was claiming losses of at least US ...
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 ...
Aloha Airlines - shut down in a chapter 7 bankruptcy filing. American Trans Air - acquired by the private equity firm MatlinPatterson's Global Aero Logistics and shut down in chapter 7 bankruptcy filing. Evergreen International Airlines; World Airways - acquired by the same group as ATA and also shut down by the same private equity firm