Company Watch - American Airlines.American expects costs to climb. American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the will face higher costs this year related to employee medical benefits, airport fees, and costs associated with debt. Officials said the company's cost advantage is declining because its rivals are restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). in bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. . The airline plans to boost revenue and has identified $700 million in costs it aims to cut this year. Average fares on domestic flights last month increased almost 9%, compared to January 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Air Transport Association statistics. Feb 24, 2006 Jetliners aim to strike a careful balance. Jetliners cannot leave an airport until they are properly loaded and balanced. At American Airlines, Teri Neal monitors the weight of passengers, bags, cargo, mail, and fuel for all departing de·part v. de·part·ed, de·part·ing, de·parts v.intr. 1. To go away; leave. 2. To die. 3. planes. "We're looking at every pound to make sure we have everything down as perfectly as possible," Neal said. Feb 20, 2006 Venezuela restricts access of four US carriers. Venezuela's Instituto Nacional de Aeronautica Civil said in a statement on its website Friday that it is reducing dramatically the number of flights US carriers American Airlines, Continental Airlines, Delta Air Lines and FedEx will be allowed to operate into the country beginning March 30. Feb 24, 2006 |
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