Topic: Ray Neidl
American Airlines, the nation's third-largest airline, would eliminate about 15 percent of its workforce. The move comes as part of American Airlines' bankruptcy protection plan.
Airline stocks fell Monday, led by bankruptcy speculation for troubled American Airlines. American shares tumbled 33 percent, while airline stocks generally dropped 9.8 percent.
10/03/2011 08:56 pm
Hit by rising fuel costs, major carriers may have to shrink services further, say analysts.
05/21/2008 01:00 am