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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.
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 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 ...
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 ...
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 ...
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.
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 ...
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