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AMR Corp parent company of American Airlines reports 2008 second quarter net loss of $284 million

FORT WORTH, Texas – AMR Corporation, the parent company of American Airlines, Inc., today reported a net loss of $1.4 billion for the second quarter of 2008 or $5.77 per share. FORT WORTH, Texas – AMR Corporation, the parent company of American Airlines, Inc., today reported a net loss of $1.4 billion for the second quarter of 2008 or $5.77 per share. The second quarter results include special charges as previously disclosed in AMR’s Form 8-K filing with the Securities and Exchange Commission on July 2. These include a $1.1 billion non-cash accounting charge to write down the value of certain aircraft and related long-lived assets to their estimated fair value and a charge of approximately $55 million of a total $70 million expected for severance-related costs resulting from the Company’s system-wide capacity reductions in the fourth quarter of this year. The remainder of the severance-related charge is expected to be taken in the third quarter. Excluding these special char

The case of price fixing conspiracy by four major US airlines

The case of price fixing conspiracy by four major US airlines
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

Were local students wrongly blamed for delaying American Airlines flight?

3 Though American Airlines maintains a group of “disruptive” passengers, reportedly Boston area high school graduates, delayed a flight from Charlotte to the Bahamas overnight, the tour organizer claims the group was wrongly blamed. Eugene Winer, president of Breakaway Beach, the tour company that organized the trip, told Boston.com in a statement that the airline had inappropriately punished 47 recent high school graduates for the actions of one or two passengers. “For us, a central issue has been that the entire group has been blamed for the actions of a few individuals,” Winer said. “Of course, if any individual was unruly, or did not wear their mask, then they have to be dealt with appropriately, but we take issue with the entire group being pooled together and collectively being held responsible. I was personally told by an American Airlines employee from the call center that the group was collectively responsible for each individual’s actions.”

Coronavirus latest news: Mandatory vaccination of care home staff is unnecessary and misguided, say experts

Coronavirus latest news: Mandatory vaccination of care home staff is unnecessary and misguided, say experts
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

As airline travel surges, passengers are greeted by stripped-down service and familiar faces at Southwest Air, American Airlines, United and Delta

As airline travel surges, passengers are greeted by stripped-down service and familiar faces at Southwest Air, American Airlines, United and Delta
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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