Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
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Not surprising, given CPI growth for 2008 was flat to negative, and that's the benchmark most companies follow when determining annual adjustments.
Ah ohh.... looks like your gonna make eol get back on his meds again.The urban CPI for 2008 was 3.8%. Here are the numbers since 2003:
2003 2.3
2004 2.7
2005 3.4
2006 3.2
2007 2.8
2008 3.8
Source: ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt
1.5% didn't come close to keeping up with inflation.
The urban CPI for 2008 was 3.8%.
Not surprising, given CPI growth for 2008 was flat to negative, and that's the benchmark most companies follow when determining annual adjustments.
AMR desparate to save cash huh? I think that $300+ million in management bonus money might help with the "cash drain".This just shows how desperate the company is to save cash. Unlike the rosy projects made by certain interested parties, the available evidence points to continued losses and cash drain for AMR in 2009 and probably most of 2010 as well. With debt maturing and new finance hard to come by, preserving cash is the right approach.