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Texas-based American Airlines plans more layoffs, CEO says.
Knight Ridder/Tribune Business News, November, 2004
By Trebor Banstetter, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Nov. 4--FORT WORTH, Texas -- American Airlines will eliminate more jobs in the months ahead as it struggles with high fuel prices and heavy competition, the carrier's chief executive said Wednesday.
Those cuts will be on top of 1,100 layoffs of pilots and mechanics that American executives recently announced.
"We will see more cuts across the board, involving all workers, in the months ahead," Gerard Arpey, American's chief executive, told analysts during a conference at the airline's Fort Worth headquarters.
Arpey laid out several avenues for additional cost reductions, including possibly canceling airplane orders and renegotiating...
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