Jump to content

AA in the News


Thebean

Recommended Posts

American Eagle will stop flying its ATR-72 turboprop aircraft out of Dallas/Fort Worth International Airport by Jan. 31, American Eagle's president and CEO told employees Tuesday.

Eagle will continue to serve the 14 ATR markets from DFW with a combination of EMB-140 and EMB-145 jets," Dan Garton said in a letter. "We anticipate that the remaining ATR aircraft will continue to operate in Miami and San Juan for the near term."

As part of the route changes, American Eagle will:

• Discontinue seasonal service from Dallas/Fort Worth Airport to Augusta, Ga.

• Reduce frequency "in a few select markets"

• Stop flying from Miami to Fort Myers, Fla., and Savannah, Ga. (American will fly DFW-Fort Myers and American Eagle will fly DFW-Savannah)

Three routes that were to be canceled Feb. 9 - Los Angeles-Boise, Chicago-Calgary and DFW-Fayetteville, N.C. - will be moved up to Jan. 31.

"We plan to notify the affected airports, customers and community leaders shortly," Garton said.

Link to comment
Share on other sites

  • 1 month later...

"Those things spinning around at thousands of revolutions per minute just past your nose just scares the bejesus out of people,”

Clive Beddoe, 2006

Link to comment
Share on other sites

"Those things spinning around at thousands of revolutions per minute just past your nose just scares the bejesus out of people,”

Clive Beddoe, 2006

We'll never fly east of Winnipeg....(or at least admit it publicly, thus defering an undesired competitive reaction).

Any chance of getting together to play some high stakes poker anytime soon?

I promise I don't have a royal flush......

B)

Link to comment
Share on other sites

By John Crawley

(Reuters) - The Pension Benefit Guaranty Corp, which has responsibility for insuring certain benefits under private defined benefit pension plans, said on Tuesday it believes American Airlines will seek to terminate employee pensions in bankruptcy.

The agency said it filed a $92 million lien against American parent AMR Corp (Other OTC:AAMRQ.PK - News) for the balance of unpaid pension plan contributions. It added that the lien was applied to AMR assets outside the United States, mainly in Latin America.

American filed for Chapter 11 protection in late November, citing uncompetitive labor costs. The carrier declined to comment on the PBGC statement.

American's unions, meanwhile, were bracing for meetings with airline managers this week that may provide clarity on the cost savings the carrier hopes to win from labor.

"We believe that tomorrow they will outline the size of the cuts at American," said Jamie Horwitz, spokesman for the Transport Workers Union.

He said he did not know when the workers of American Eagle, AMR's regional carrier, would learn the labor cost savings targets for that airline.

PBGC continues to press AMR for information about pensions. The agency said it is not convinced from the data it has received or from the airline's cash on hand that plan terminations are necessary for the airline to reorganize.

It is not uncommon for U.S. pension insurers to file liens in bankruptcy cases. Collecting on liens may need bankruptcy court approval.

Liens have been filed on behalf of four pension plans - against aircraft, real estate, and other assets.

The PBGC is an unsecured creditor in the American bankruptcy.

American has not said whether it will terminate pensions covering 130,000 workers and retirees to save money.

The PBGC estimates that American's pension shortfall - the difference between the assets of its plans and promised benefits - is $10 billion. If those plans were terminated today, the agency said it could not make up the entire amount of underfunding.

American paid $6 million in pension contributions on January 15 out of just under $100 million owed for the fourth quarter. The next contribution is due April 15.

"We want American Airlines to reorganize successfully and succeed as a business. We would like it to succeed as a business without killing its employee pension plans," PBGC Director Josh Gotbaum said.

Link to comment
Share on other sites

Agents, Reps, Planners - TBD

Fleet Service & Other TWU - Approximately 4,200

Flight Attendants - Approximately 2,300

Management/Support Staff - Approximately 1,400

Mechanics and Related - Approximately 4,600

Pilots - Approximately 400

Total - Approximately 13,000

Link to comment
Share on other sites

American Eagle will stop flying its ATR-72 turboprop aircraft out of Dallas/Fort Worth International Airport by Jan. 31, American Eagle's president and CEO told employees Tuesday.

Eagle will continue to serve the 14 ATR markets from DFW with a combination of EMB-140 and EMB-145 jets," Dan Garton said in a letter. "We anticipate that the remaining ATR aircraft will continue to operate in Miami and San Juan for the near term."

As part of the route changes, American Eagle will:

• Discontinue seasonal service from Dallas/Fort Worth Airport to Augusta, Ga.

• Reduce frequency "in a few select markets"

• Stop flying from Miami to Fort Myers, Fla., and Savannah, Ga. (American will fly DFW-Fort Myers and American Eagle will fly DFW-Savannah)

Three routes that were to be canceled Feb. 9 - Los Angeles-Boise, Chicago-Calgary and DFW-Fayetteville, N.C. - will be moved up to Jan. 31.

"We plan to notify the affected airports, customers and community leaders shortly," Garton said.

The reason I posted this 6 weeks ago was the mention in the last line of the release that few picked up on......

Lo and behold....

Airline complements eastern code-share flights with new service from the West

CALGARY, Feb. 7, 2012 /PRNewswire/ - WestJet today announced it will launch daily non-stop service between Chicago and Vancouver and between Chicago and Calgary, effective May 14, 2012.

B)

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.



×
×
  • Create New...