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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.
What travelers need to know and should expect in the wake of Spirit Airlines' bankruptcy filing.
NEW YORK (AP) — Spirit Airlines, the largest budget carrier in the U.S., filed for Chapter 11 bankruptcy protection Monday. The airline said customers should not see any disruption to their ...
Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday. The company told customers they could continue to fly with the airline. Spirit's letter to customers explains the process.
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from ...
Spirit Airlines filed for bankruptcy protection Monday after the airline reported increasing loses and large debts amid a growing market for budget travel in the U.S.. The budget airline announced ...
Things are heating up for American Airlines parent AMR (AAMRQ), and not in a way that can be solved by simply redirecting the air conditioning nozzle above your seat. Executives at the legacy ...