AMR Wants to Cut 13,000 Jobs, End Pensions

AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.

Delta Diverts Polar Flights Due to Solar Storm

Delta Air Lines was diverting some flights on polar routes between Detroit and Asia to avoid disruptions to aircraft communications by a strong solar radiation storm, the airline said on Tuesday.

U.S. airlines seen profitable despite economic woes

Most U.S. airlines are poised to report profitable fourth quarters, a trend set to continue in 2012 as cost-cutting and fare hikes help the industry weather rising fuel costs and global economic uncertainty that could hamper travel demand.

Wine websites get mixed reviews

Just as Amazon revolutionized the way books are sold and Groupon has conditioned shoppers to expect daily deals on services and foods, a cluster of websites have upended the stodgy world of wine.

United reaches tentative deal with flight attendants

Flight attendant leaders of United Airlines accepted the terms of tentative agreement with the airlines regarding their contract and will send it to 15,000 United Flight attendants for a vote, Association of Flight Attendants said in a statement.


Airline Sunset

Airlines Brace for Heavy Impact of Europe Crisis

The airline industry's leading trade group warned on Wednesday that airlines worldwide face over $8 billion in losses next year if Europe's politicians fail to get to grips with the region's debt crisis.
An American Airlines jet touches down at the airport in Port-au-Prince

American Airlines Parent AMR Files for Bankruptcy, Names Thomas Horton as CEO

AMR Corp. (NYSE:AMR), the parent company of American Airlines, has filed for bankruptcy protection under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York to shed its debt load and reduce costs after failed negotiations with pilot unions and higher fuel costs forced the company to take the last resort.