Bankrupt AMR, parent of American Airlines, faces increasing resistance from employees as it attempts to cut wages and headcount. Worker activism has started to harm American’s relationships with customers, and almost certainly its sales as well. AMR says the primary culprit is the Allied Pilots Association, which has pressed back against AMR’s plans to thin the ranks of its members. The union denies the charges.
The WSJ reports:
The unit of AMR Corp. cut 300 flights, or more than 1% of its schedule, between Tuesday and Sunday to minimize cancellations and reduce delays. Nevertheless, only 55% of flights arrived within 14 minutes of their published schedule on Saturday, an American spokesman said, after 57% hit that mark on Friday
Douglas A. McIntyre
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.