AMERICAN AIRLINES is facing $1bn in cuts over the next year to stay
viable, according to chief executive Gerard Arprey. He told
shareholders that the key to profitability is to be on the lookout for
cost-cutting measures and to aggressively change business plans when
needed. American lost $92m in its first quarter. No details were
given of how the cost-cutting would be implemented, but better fuel
efficiency will be one of the keys.
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