News for AMR
Mar 26 · 12:22:00 PM · Source: TradingMarkets.com
The Allied Pilots Association (APA), certified collective bargaining agent for the 11,500 pilots of American Airlines (NYSE: AMR), voiced its support for H.R.4788, the "Aviation Jobs Outsourcing Prevention Act", according to TradingMarkets.com. Introduced earlier this month by U.S. Rep. Timothy Bishop (D-NY), the bill would establish job protections for U.S. workers by placing limits on alliances between two or more airlines, or between a domestic carrier and a foreign carrier.
The bill's language stipulates that the U.S. Department of Transportation could "end approval of any agreement, request or modification that provides for or permits the sharing or pooling of revenue or profits between participating carriers."
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by Steve Wieczorek
Mar 22 · 8:56:00 AM · Source: Centre for Asia Pacific Aviation
American Airlines (NYSE:AMR) took the biggest dive of the day. The US Federal Aviation Administration (FAA) proposed over $1 million in fines against the carrier, for alleged safety violations, according to the Centre for Asia Pacific Aviation. The proposed fines cover four separate instances where the FAA alleges that American was negligent in either maintaining aircraft or following proper maintenance procedures.
The fines come only weeks after the FAA commented that it was considering a record high $20 million in penalties against American. American Airlines stated it is reviewing the fines and will meet with the FAA to discuss the situation.
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by Steve Wieczorek
Mar 16 · 12:24:00 PM · Source: MarketWatch
The safety record of American Airlines (NYSE:AMR) was in the limelight again Monday after the Federal Aviation Administration proposed fining the parent company AMR Corp. $787,500 for maintenance violations, according to MarketWatch. The fines cover three incidents that involved deferred maintenance on a broken secondary flight control system, as well as failure to properly inspect rudder components on four Boeing 757 jets, and then flying the planes despite knowledge of the error. American was also accused with not completing full maintenance of an MD-82 aircraft before returning it to service.
Last month there were reports that American Airlines faced millions in civil penalties for lapsed safety standards, with the Department of Transportation blaming the FAA with complacency. When the cost of doing business increases at an airline, trends show that the invisible sections, such as maintenance sometimes do not receive the attention they require. This is a section of the business that should not be taken lightly.
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by Steve Wieczorek
Mar 12 · 11:46:00 AM · Source: Investors.com
AMR (NYSE:AMR), parent company of American Airlines and American Eagle, faces a possible strike after its biggest labor bloc, the Transport Workers Union, asked federal mediators to declare a deadlock in contract negotiations, according to Investors.com. The carrier's flight attendant union said last week it'll do the same. AMR contends that talks are progressing.
In addition to the the failing talks with the TWU and the flight attendant's union, the airline's CFO Thomas Horton acknowledged that American and its pilots' union are "far apart" on a new labor contract, with American arguing that its labor costs are higher than those of rival carriers. Horton said American wants its pilot costs to be "competitive." The 2 sides are currently in negotiations overseen by a federal mediator. Fighting a war on three fronts does not leave American with the ability to really look at what is the real cost of flying. If the legacy carriers want to be competitive, it's time they reinvented and redesign their models and take the consumer into account and not just charge for everything to make-up costs due to their stuck-in-the-mud thinking.
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by Steve Wieczorek
Mar 9 · 10:36:00 AM · Source: Market Watch
American Airlines (NYSE:AMR) Leverages NICE Interaction Analytics to enhance customer experience, according to Market Watch. NICE Systems (NASCAQ:NICE), a leading global provider of advanced solutions that enable enterprises and security organizations to extract insight from interactions, transactions and evaluations to drive business performance, and American Airlines today announced that American is achieving improvements in customer experience following a successful deployment of the NICE SmartCenter suite
The value-add that NICE solutions delivered to American include being able to find better ways to understand trends in customer calls and how to more effectively provide services to them. Additionally, the system has been leveraged to assist management in making key process improvement decisions.
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by Steve Wieczorek
Mar 8 · 3:09:00 PM · Source: MarketWatch
U.S. legacy carriers like American Airlines, parent AMR (NYSE:AMR) are getting eaten up by their budget-carrier rivals, losing significant market share to the younger upstarts over the last six years, according to data released Monday from AirFinancials.com, said MarketWatch. Between 2003 and 2009, domestic capacity at the legacy airlines have declined by 85 billion available seat miles (ASM), or by 21%, on average. Over the same period, capacity among low-cost carriers added over 84 billion ASMs.
"The challenge for the old legacy airlines is to find a way to be cost competitive with these growing domestic carriers that have never incurred some of the legacy expenses," AirFinancials.com said
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by Steve Wieczorek
Mar 5 · 2:26:00 PM · Source: TradingMarkets.com
The Transport Workers Union, which represents 28,000 workers at American Airlines (NYSE: AMR) and regional carrier American Eagle, has several bargaining units in contract negotiations with American, according to TradingMarkest.com. American has said it hopes to negotiate contracts that help the company be more productive and competitive.
Under the Railway Labor Act, which governs collective bargaining in the airline industry, unions cannot strike without first asking the mediation board to declare an impasse to seek release from negotiations. If the board decides to release the union from mediation, a 30-day cooling-off period must expire before a strike or a lockout can begin.
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by Steve Wieczorek
Mar 2 · 11:55:00 AM · Source: Company Press Release
American Airlines Cargo Opens State-of-the-Art Cargo Terminal at John F. Kennedy International Airport. American Airlines Cargo Division (AA Cargo) today announced its newly relocated cargo terminal at John F. Kennedy International Airport (JFK) in New York. The state-of-the-art facility, which opens today, will offer the latest in streamlined handling capability with more than 135,000 square feet of warehouse space and 24 dock doors that can handle any type of aircraft currently in use.
"After 45 years in our previous facility, we are pleased to provide a state-of-the-art cargo terminal at New York JFK – one of our most important hubs," said Dave Brooks, President – American Airlines Cargo.
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by Steve Wieczorek
Feb 26 · 1:38:00 PM · Source: AirWise
AMR Corp. (NYSE:AMR) subsidiary American Airlines, and all of the major US airlines are taking a more cautious, though varied, approach to fuel hedging this year, after incurring blistering losses from hedges in 2008 when oil prices spiked then tumbled, according to AirWise. At the beginning of this year, American Airlines had hedged 24 percent of its full-year fuel requirements, down from 35 percent at the same time last year for the whole of 2009. Currently for 2011 only a small percentage is hedged.
"We know what can happen when market conditions change or market sentiments change. We still cast a very cautious eye on oil prices," Tom Horton, chief financial officer of American Airlines parent AMR, told the Reuters Travel and Leisure Summit this week.
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by Steve Wieczorek
Feb 25 · 3:29:00 PM · Source: TradingMarkets.com
American Airlines (NYSE:AMR), looks to widen ties with Asia by welcoming India's largest airline into its oneworld global airline alliance, according to TradingMarkets.com.
Kingfisher Airlines, India's largest domestic carrier and only five-star airline, has signed a memorandum of understanding with oneworld, signaling its intention to join the alliance, subject to Indian regulatory approval, officials said Tuesday.
The MOU agreement was signed at a meeting between Kingfisher Airlines' Chairman and CEO Vijay Mallya and CEOs from oneworld's 11 member airlines. American Chairman and CEO Gerard Arpey said the addition of Kingfisher will solidify oneworld's standing as the world's premier airline alliance. If Kingfisher's regulatory application is approved, the Indian carrier could become a member of oneworld in 2011, oneworld and American executives said.
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by Steve Wieczorek
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