Tag Archives: American Airlines

Unions Going after American Airlines in Bankruptcy

Many large corporations have figured out a way to use the bankruptcy code to get unions back to the bargaining table. This seems to be true for American Airlines who has been busy filing bankruptcy to reduce overall operating costs … Continue reading

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American Airlines in Bankruptcy Is Pushing to Get Rid of Union Contracts

On Monday, more than 300 American Airlines employees protested the attempt by American Airlines to eliminate the union contracts in their bankruptcy filing. The employees showed up in force at the U.S. Bankruptcy Court where the hearing was going on. … Continue reading

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American Airlines in the Process of Filing Bankruptcy is Looking to Void Union Contracts

Today, it was announced that American Airlines while in the process of filing bankruptcy plans to try and get the bankruptcy court to retract the union employee contracts next week. They tried to negotiate with the employee unions and have … Continue reading

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American Airlines Lost $234 Million in January While in the Process of Filing Bankruptcy

American Airlines, who is in the process of filing bankruptcy under Chapter 11 announced that it lost $234 million in January. Included in this loss was restructuring expenses of $155 million and $15 million to pay for financial advisors and … Continue reading

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Two More American Airline Executives Quit During Bankruptcy Filing

On November 29, 2011 the third largest US airline entered into a bankruptcy filing because of financial issues. Today it was announced that American Airlines had two executives that were leaving as a result of management restructuring during the bankruptcy … Continue reading

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After Filing Bankruptcy American Airlines Wants to Terminate Its Pension Plans

  This week, American Airlines who entered into bankruptcy filing back in November announced that it wanted to terminate its pension plans for its 130,000 employees. Since 2006, American Airlines has already saved $2.1 billion because of two congressional measures … Continue reading

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Using Their Bankruptcy Filing, American Airlines Plans on Cutting 13,000 Jobs

American Airlines is using their high-profile bankruptcy filing to benefit them by eliminating 13,000 jobs or 15% of its workforce. The ailing airline is doing everything it can to remake itself using the bankruptcy filing. As part of the bankruptcy … Continue reading

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