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Company Watch - American Airlines.

Oct 23, 2006

American Airlines let TV cameras from CNBC have a week-long peek at its inner workings, and the result is a two-hour documentary that aired Wednesday night, the Wall Street Journal reports. It's more detailed than the drama you see on A&E's "Airline," which chronicles life at several Southwest Airlines terminals. And it's part of what appears to be a growing trend-airline as reality show. For carriers, there appears to be a benefit in letting customers see how the sausage gets made. Customers get to appreciate the challenges of coordinating thousands of flights every day and dealing with disruptions, medical emergencies and baggage-belt breakdowns. Southwest has seen an increase in job applications by airing its work. The CNBC special, called "Inside American Airlines: A Week in the Life," covers familiar ground for frequent travelers, from how difficult it is to get a frequent-flier-award seat at the lowest mileage-redemption levels to a history of labor woes. But it has some bits of enlightenment for viewers-an insider's window on an airline scramble to accommodate passengers when bad weather and mechanical problems arise, a sobering look at the lack of cargo-security screening and a lesson in practicality when a mechanic spends his days sharpening old tools back to life to save $1 million annually. Oct 18, 2006

AMR Corp. posts $114 million third-quarter profit excluding noncash charge. American Airlines parent AMR Corp. kicked off the fall financial reporting season yesterday with its announcement that it earned a net profit of $15 million in the third quarter, a reversal from a $153 million loss in the year-ago quarter but a figure reduced substantially by a $99 million noncash charge that reduced the book value of specific outstanding fuel hedge contracts. Oct 19, 2006

American Airlines Parent Posts Quarterly Profit. American Airlines' parent company AMR on Wednesday reported a quarterly profit, reversing a year-ago loss, as the airline flew fuller planes and charged higher fares. Oct 18, 2006

Wright Amendment repeal, initiated with a June compromise struck by the cities of Dallas and Fort Worth, American Airlines and Southwest Airlines and introduced as legislation one month later, became US law Friday when President Bush signed a bill that will eliminate the restrictions in eight years and immediately allow Dallas Love Field airlines to sell tickets to any city in the country as long as passengers stop over in one of the Wright states. The bill was sent to the White House following passage by the Senate on Sept. 29. A lawsuit by Love Terminal Partners, which owns the vacant Legend Airlines terminal at Love, is pending. Oct 17, 2006

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Oct 16, 2006
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Publication:Airguide Online
Date:Oct 23, 2006
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