Here's more bad news:
http://yahoo.reuters.com/financeQuoteCompa...24453271_newsml
"Better off in Bankruptcy." Ask the former UAL AMTs in IND whether they agree.
Keep up the good work, AA.
NEW YORK, May 24 (Reuters) - American Airlines is trying to do what no U.S. carrier has done before -- make money in the labor-intensive aircraft maintenance business.
Not only have many rival airlines closed down their own fleet maintenance operations, but they have also outsourced the upkeep and repair work on their own planes, which for most is the No. 3 cost after labor and fuel.
Fort Worth, Texas-based American is working with mechanics who want to avoid the fate of cohorts who have lost their jobs at other airlines. The two sides are betting that American can dodge cost pressures that have dogged competitors.
In the latest example of how airlines are trying to cut maintenance, Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) has proposed firing 2,031, or nearly half of its mechanics, to save $176 million a year, their union said.
http://yahoo.reuters.com/financeQuoteCompa...24453271_newsml
"Better off in Bankruptcy." Ask the former UAL AMTs in IND whether they agree.
Keep up the good work, AA.