A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: SOROS who started this subject	2/4/2003 11:35:26 AM
From: tonka552000	Read Replies (1) of 1210

American Airlines following the pack... "...The financial problem at American is fairly simple to understand: the money it takes in from passengers is down sharply, but the company has not cut expenses fast enough to keep up. What is difficult to gauge is whether executives at American can wring enough costs in the coming months, particularly from employees, to avoid Chapter 11. The situation has put employees and shareholders under intense pressure, while fliers have had to adjust to more limited flight offerings from the Fort Worth, Texas-based carrier. Analysts anticipate sharp conflicts between labor and management, and the uncertainty has pushed the stock price of American's parent company, AMR Corp., below $3 a share – a level that implies a bankruptcy filing is a real possibility...." washingtonpost.com

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