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New Round of Cuts, Layoffs Looms Closer at American Airlines.
Knight Ridder/Tribune Business News, July, 2003
By Bob Cox, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Jul. 2--American Airlines signalled Tuesday that it is planning to make more, probably painful cuts in its far-flung operations to reduce expenses and move closer to becoming profitable once again.
In a vaguely worded press release, American said it expects to "make tough decisions" about the number and types of routes it will continue to fly and the facilities needed to support the airline's operations.
American will announce "some of our decisions shortly," the release said in a statement attributed to Chief Executive Gerard Arpey.
American spokesman Tim Wagner said he could not elaborate on what changes were planned or when they would be...
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