Good Luck to the AMR Folks

[WSurf]

American Airlines may cut up to 15,000 jobs, or about 10 percent of its workforce, in an effort to cut costs at the struggling carrier, sources familiar with the situation told an NBC affiliate.





http://bottomline.msnbc.msn.com/_news/2012/02/01/10288516-american-airlines-may-cut-up-to-15000-jobs
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[BUDDHA145]

Wow!!! a loss of 904 mil in DEC 2011 alone.... Good luck to my friends there!!!


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[macdu]

I guess I am heading back to China.

 

[Andy]

All the best to everyone at AMR. This too shall pass.

 

[skidbuggy]

Any numbers yet as to how deep the layoffs will go on the pilot list?

 

[jonjuan]

Any numbers yet as to how deep the layoffs will go on the pilot list?

And unfortunately, how much the regionals will grow?

 

[johnsonrod]

I wonder if the AA CEO will disclose his management team's potential restructuring bonuses? What a disaster!

Unfortunately, I think a lot of people could see this coming - there is no way AA could have competed with it's debt load and legacy costs. No way. This was not a huge surprise. I am betting many people were just hanging on and hoping things would improve (like this economy and lower gas prices - THANKS OBAMA!).

Good luck to all involved!

 

[rudder]

The AMR/incumbent senior management plan is going to be so draconian that it will make any alternative more palatable. Go find a potential investor to partner with and draw up a competing plan. These bozos that are currently masquerading as the Executive Suite are under the misguided impression that they are still in charge. Time for a wake up call (now where did I put that number for TPG.....)

 

[BID]

Didn't AMR management get bonuses a couple of years ago?

 

[Old School 737]

CNBC Saying 400 pilots to be furloughed ..... not good