An American Airlines 777 lands at Chicago O'Hare in August. Photo: Chris Jacobs - OPShots Contributor
DALLAS — Fall and winter service reductions at American Airlines could cost some workers their jobs at the nation’s third-largest airline company.
American announced late Monday that it will reduce passenger-carrying capacity in the October-through-December quarter by about 3 percent compared with late 2010. It cited the weak economy, high fuel costs, and more pilots retiring.
Analysts said the move, along with similar recent announcements from United and Delta, showed that airlines were serious about controlling costs. Barclays Capital said Tuesday that it still expects American’s parent, AMR Corp., to lose money through next year — but not as much, thanks to the reductions.
via Employees could lose jobs due to reduced flight schedule at American Airlines – The Washington Post.
