True, American Airlines isn’t doing well. The group has lost over $11 billion since 2001. The last financial report, published in October, points to $162M lost. And forecasts for the end of 2011 and beginning of 2012 are not much better. One third of the company’s planes are old McDonnell Douglas, which need a lot of fuel. Besides, the group’s 80,000 employees are paid much more than the employees of other airlines. Annual wage costs are $800 million higher than for its rivals, management says.
better. One third of the company’s planes are old McDonnell Douglas, which need a lot of fuel. Besides, the group’s 80,000 employees are paid much more than the employees of other airlines.
Do you have information to share with us?