| This contest is fueled by the following news: |
| | Facing a true cash crunch, American Airlines is considering seeking even more concessions from its employees by the end of the year. A credit ratings agency warned of this possibility. The report was issued this week by Fitch Ratings, of Chicago. The company lowered its outlook on the debt of American Airlines to negative from stable. The ratings firm predicted that American Airline's cash reserve could get squeezed even further due to rising fuel prices. Other major airlines, including Continental and Northwest, have moved to reduce the costs of labor in recent times. American could follow suit in the very near future. Changes to the American Airline's pension system may be in the offing.
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