Company Watch - American Airlines.

May 14, 2007

American Airlines Federal Credit Union (AA Credit Union) unveiled cent$ -- a new, quarterly, custom financial education and lifestyle magazine -- at an invitation-only launch event attended by several AA Credit Union Board and Supervisory Committee members and management staff from AA Credit Union, American Airlines and AAP Custom, a division of American Airlines Publishing. AA Credit Union has partnered with AAP Custom to publish the magazine. May 10, 2007

American Airlines is reserved on the effect open skies will have on its US-EU traffic. Past applications were shelved after regulatory bodies, especially the European Commission, asked for slot surrender at London Heathrow that both airlines considered too high a price. May 9, 2007

American Airlines and its regional affiliate, American Eagle, are again offering South Florida travelers great savings to select destinations in the Caribbean, the Bahamas and Latin America. May 9, 2007

American plans to recall up to 200 furloughed attendants American Airlines said it will recall up to 200 furloughed flight attendants. The attendants are scheduled to begin training in June, and then will receive assignments on the East Coast. The airline has conducted a series of recalls since 2001, the most recent of which occurred in 2004. May 8, 2007

Huge Mural at American Airlines JFK Terminal Blends Global Skylines, Making the World Smaller dramatic 397-foot long mural recently installed at the new American Airlines terminal at John F. Kennedy International Airport (JFK) underscores the facility's status as one of the world's premier domestic and international gateways. May 8, 2007

American Airlines pilots, represented by the Allied Pilots Assn., last week presented a proposal to management asking for a 30.5% pay rate increase on the date a new labor agreement is signed retroactive to May 1, 2008, a 15% signing bonus and 5% annual raises in following years. APA President Ralph Hunter said other stakeholders "have already recovered their investment in our airline's turnaround. . .it is time for our pilots to begin doing the same." He pointed to "large bonuses" received by AA senior executives over the past two years and said management must "appropriately" pay pilots their fair share. Merrill Lynch in a research note estimated the contract would add as much as $500 million a year to AA's operating budget, although this does not factor in possible productivity improvements. The signing bonus would add a further $400 million assuming ratification by May 1, 2008. May 7, 2007

American says it needs flexibility for delayed flights American Airlines says it must maintain the flexibility to respond to lengthy delays that potentially can inconvenience travelers for extended periods. The airline had promised not to hold travelers in a grounded plane for more than four hours, but now says four hours is a guideline. A group of travelers is urging lawmakers to adopt a rule that would force carriers to limit the time passengers wait inside planes. May 7, 2007

American Airlines to Begin New York - St. Kitts and Nevis Service American Airlines, already the largest U.S. airline flying out of New York to the Caribbean, will further enhance its schedule to the region this fall when it begins convenient nonstop service from John F. Kennedy International Airport (JFK) to St. Kitts and Nevis. May 7, 2007

American Airlines plans to maintain a low-to-negative growth strategy for the foreseeable future even as it accelerates deliveries of Boeing 737-800s to replace its MD-80 fleet. American said that 737-800 deliveries will continue to be "pulled forward" but that replacing the MD-80 fleet, which numbers more than 270, likely will take nine years beginning in 2009. American will lower capacity by 3% year-over-year in the second quarter and by 2% for the full year as it remains "focused on balance sheet repair." May 10, 2007

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May 7, 2007