American Airlines Tries to Straighten Up (its finances) and Fly Right
While most of the nation was fighting off the urge to snooze into a tryptophan-induced coma following Thanksgiving dinner last November, attorneys for AMR Corporation, the parent company of American Airlines, were busy preparing the company for Chapter 11 bankruptcy. In a follow up to that story that made holiday headlines, American Airlines recently announced that it will cut up to 14,000 jobs in an effort to lower labor costs and get out of bankruptcy. …