AMR | KERA News

AMR

American Airlines

After years of losses, American Airlines is making money by boosting revenue and cutting labor costs.

American's parent company, Fort Worth-based AMR Corp., said Thursday that it earned $289 million, or 76 cents per share, in the third quarter. That's a turnaround from a loss of $238 million, or 71 cents per share, a year earlier.

Update at 6:50 a.m. ET, Feb. 14: News Is Confirmed.

Statements confirming the news that directors of US Airways and American Airlines have agreed to merge the airlines have now been released by both companies.

American says:

Bloomberg News is reporting what KERA and other news organizations have been hearing in speculative terms, which is that American Airlines and U.S. Airways have agreed to a merger.

North Texas travelers now have fewer flights to choose from out of DFW. American Airlines has cut up to two percent of its flights following an increase in delays and cancellations.

A federal court in Washington DC has thrown out the Texas redistricting maps drawn by Republican state lawmakers.

flickr

The Texas comptroller's office says it now expects the state to collect at least $5 billion in unanticipated revenue during the present two-year budget cycle.

dr_relling / (cc) flickr

Tarrant County is reporting its first human case of West Nile virus.

Officials at Tarrant County Public Health say with fewer than five cases, any information about the victim is not released in order to protect confidentiality.

The county has five mosquito pools testing positive for the virus so far. They are in Hurst, Euless, Bedford and Richland Hills.

Yesterday, Dallas County reported its first human case of the mosquito-transmitted virus. Denton County reported a case late last month.

BJ Austin, KERA News

Hundreds of uniformed American Airlines workers have marched to company headquarters to protest bankruptcy plans that could void their contracts.

Neil Kremer / (cc) flickr

US Airways CEO Doug Parker says he understands American Airlines doesn’t want to talk merger. But he says he’s confident it will happen.

Parker says Friday’s announced support for a merger by American’s three largest unions was an important step. He says the focus now is on members of the Unsecured Creditors Committee in American’s bankruptcy case.

caribb / (cc) flickr

Officials with American Airlines will try to convince a bankruptcy judge that labor agreements must be broken for the carrier to survive.

Leaders of the Fort Worth-based airline on Monday will be at a federal courthouse in New York to open what could be a two-month hearing.

Parent company AMR seeks to void its contracts with pilots, flight attendants and ground workers and impose its own terms.

The airline lost more than $10 billion in the decade leading up to its declaration of bankruptcy last November.

julian / (cc) flickr

More than 1,600 account holders in the Texas Department of Transportation toll road system can expect a credit following a cyber-attack.

Andrew Morrell / flickr

Unions at American Airlines plan to support a potential takeover offer by rival US Airways, according to two people familiar with the situation.

The unions believe that combining with US Airways would give American the best chance to grow and preserve jobs, said the two, who spoke on condition that they not be identified because no decision has been announced.

An announcement from the unions is possible as early as Friday morning, they said.

Kevin Harber / (cc) flickr

Bankrupt AMR, parent company of American Airlines, has told its unions that without more concessions, it will move to cancel all contracts next week in court.

Gage Skidmore / (cc) flickr

The Federal Election Commission is giving Gov. Rick Perry the go-ahead to use some of the money left over from his failed presidential bid to form a political action committee.

Hundreds of protesting American Airlines workers marched to sway the public in the battle over their jobs and benefits. Bankrupt American Airlines says it must severely slash workers and pensions to successfully emerge from Chapter 11. KERA’s Bill Zeeble reports union members don’t buy it.

Every union leader expressed surprise by the large number of job cuts American Airlines says it needs to survive. They plan to fight back. KERA’s Bill Zeeble reports that 13,000 figure could shrink before negotiations end, and the plan heads to bankruptcy court.

Jonathan Moreau (cc) flickr

American Airlines spokesman Bruce Hicks says briefings continue with union reps and members, but this is the tentative breakdown of job losses.

Latest Update from American Airlines at 1:16pm:

Expected Employee Reductions:

Agents, Reps, Planners – TBD, the ARP restructuring plan is still under development as the company collects and analyzes employee feedback.

Fleet Service & Other TWU – Approximately 4,200

Flight Attendants – Approximately 2,300

Management/Support Staff – Approximately 1,400

Matt Hintsa (cc) flickr

Today, American Airlines and union workers will discuss changes that must occur so the carrier can successfully emerge from bankruptcy. KERA’s Bill Zeeble reports pensions could be a prime target.

American Airlines employees find out this week how the airlines’ bankruptcy will affect them. KERA’s BJ Austin says airline executives meet with union leaders on Wednesday.

A coalition of school districts educating more than 1.5 million Texas children has filed a fourth lawsuit against the state over school funding.

SMU Experts Look At AMR

Dec 14, 2011
DFW Airport

The North Texas economy will take a hit from AMR's bankruptcy, even if it's not evident yet. That's according to Southern Methodist University business experts. KERA's Bill Zeeble has more on the school's annual economic review.

When American Airlines filed for bankruptcy November 29th, it told customers to expect business as usual. But economist Michael Davis, with SMU's Cox School of Business, says that cannot last long. The carrier will have to cut costs, even if most local workers keep their jobs.

D/FW Airport

Dallas, TX – Even though American Airlines' parent, AMR, filed for bankruptcy Tuesday, passengers may see no changes in the carrier's operations. KERA's Bill Zeeble has more on who may pay a price.