AMR News

DALLAS &#8212 Low-fare Spirit Airlines Inc. is raising the stakes against financially weakened American Airlines with new service to Dallas-Fort Worth.

Feb. 09-- A week after AMR Corp. said it will cut 13,000 jobs -- at least 2,100 of them in Tulsa -- in its bankruptcy restructuring, more than 10,500 people have pledged support for American Airlines workers, officials said Wednesday.

Feb 9 - Fitch Ratings says there will be a noticeable impact from the pending American Airlines layoffs on the Dallas-Fort Worth region as a whole, but anticipates limited negative effects to individual cities given the breadth of the employment base.

Some American Airlines unsecured creditors increasingly feel the bankrupt airline should explore a deal with US Airways Group or another carrier, after hearing parent company AMR Corp's plan to remain independent, people familiar with the situation said.

Now that it is in bankruptcy court, American Airlines' flight plan is unclear. But the airline industry's final destination is pretty much mapped out.

These days when honest CEOs who take a stand get funny looks, any story of moral attributes from executives is a little shocking.

As part of our process, we perform a comprehensive analysis of a firm's discounted cash-flow valuation, relative valuation versus industry peers, as well as an assessment of technical and momentum indicators.

American Airlines may not know for weeks how many South Florida employees will lose their jobs under a proposal to lay off 13,000 people across the company, representatives said Monday.

When AMR Corp. estimated the size of its pension obligations at the end of 2010, it came up with a figure of about $13 billion.

AMR 's stock had its "outperform" rating reaffirmed by investment analysts at BMO Capital Markets in a note issued to investors on Monday.

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Virgin Atlantic Airways Ltd. is spending 100 million pounds revamping its premium cabin to fend off British Airways and American Airlines.

January passenger numbers are expected to be down about 1.5 percent from January 2010 and 3.1 percent below the airport's budget projection, airport officials said Friday at the airport's monthly board meeting.

AMR Corp.'s American Airlines, whose bankruptcy made it a possible takeover target, may try to buy a rival after leaving Chapter 11 as the U.S. industry shrinks, Chief Executive Officer Tom Horton said.

According to sources familiar with the situation of the struggling American Airlines told an NBC affiliate that the company will be cutting up to 15,000 jobs, which is approximately 10% of its workforce, in efforts to cut costs.

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An American Airlines ground crew works on an aircraft before departure at Dallas-Fort Worth International airport on Wednesday.

Hello. I am here an ready to take your questions on American Airlines' reorganization plan that was announced on Wednesday.

Airport officials said Friday that they expect overall January passenger numbers to be about 1.5 percent down from January 2010 and 3.1 percent below the airport's budget projection.

After sitting out the mega-mergers that created the world's two largest airlines in recent years, US Airways Group is once again courting partners, this time hoping that its bankrupt rival American Airlines will deem it merger-worthy. US Airways Chief Executive Doug Parker, a longtime advocate for industry consolidation, has confirmed his interest ... (more)