American Airlines plans nearly 7,000 job cuts
(Herald Tribune) -- American Airlines expects to cut nearly 7,000 employees by the end of the year, or about 8 percent of its worldwide work force, as it reduces flights and grounds aircraft because of high fuel costs, the airline told employees Wednesday.
American said in a regulatory filing that it expected to record a second-quarter charge of as much as $1.3 billion to account for the layoffs and to write down the value of the MD-80 and Embraer 135 regional jets that it is retiring as it eliminates flights.
The job cuts, which appear to be twice as big as those announced so far by any other carrier, could affect as many as 900 flight attendants.
American said in a regulatory filing that it expected to record a second-quarter charge of as much as $1.3 billion to account for the layoffs and to write down the value of the MD-80 and Embraer 135 regional jets that it is retiring as it eliminates flights.
The job cuts, which appear to be twice as big as those announced so far by any other carrier, could affect as many as 900 flight attendants.
