PPRuNe Forums - View Single Post - American Airlines Nears Bankruptcy (merged)
Old 11th Mar 2003, 03:28
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Ignition Override
 
Join Date: Jul 2000
Location: Down south, USA.
Posts: 1,594
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Unhappy

Good luck to everyone in danger of being furloughed at American (especially so many, very senior, former TWA guys who already were, or could been cut), and also to the AM. EAGLE pilots, many of which could be kicked out, according to one of our astute MEC guys, who was at our Local Council meeting today. This guy is quite knowledgable about the industry and its factors. He suspects that Carty and the crew in charge of American might not need as much money in concessions as they claim.

On another topic, his info. about USAirways is that all of their CEO's personal stock value depends on a succesful exit from Chapter 11, and so he is intensely motivated to lead the airline into a recovery.

Supposedly Delta might be a bit healthier than AMR, having bought out no airline etc.
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