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October 12, 2008 3:42:02 PM CDT

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American to Cut 7K Jobs

Posted Jul 3, 08 10:56 AM CDT in Business 

(Newser) – American Airlines plans to cut as many as 900 flight attendants from its ranks next month as part of nearly 7,000 expected layoffs this year, reports the Dallas Morning News. The job cuts, intended to counter rising fuel expenses, mirror an intended 8% reduction in the airline's worldwide flights. The cuts will leave American with fewer than 80,000 jobs, a low it hasn't hit since 1988.

“These are difficult but necessary changes given the unprecedented challenges we face with overcapacity in the industry, skyrocketing fuel prices, and a worsening US economy,” said an American rep.

Sources Dallas Morning News, Bloomberg

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American Airlines planes sit at their gates at John F. Kennedy International Airport, Wednesday, Aug. 29, 2007 in New York.   (AP Photo/Jason DeCrow)
American Airlines jets line up a gates at Chicago's O'Hare International Airport Wednesday, June 4, 2008 in Chicago.   (AP Photo/M. Spencer Green)
The reader board at Portland International Airport shows canceled American Airlines flights in Portland, Ore., in this April 9, 2008 file photo.   (AP Photo/Don Ryan, File)
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gas prices  • American Airlines  • fuel costs  • flight  • layoffs  • job cuts  • weakening economy  • pilots  • aircraft carrier  • flight attendant


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