American Airlines axes 13,000 jobs
The nation's no. 3 airline plans to cut 13,000 jobs from its staff of 73,000.

Of those, most of the cuts will affect maintenance and ground workers. About 2,300 flight attendants and 400 pilots will also lose their jobs.

"We will end this journey with many fewer people. But we will also preserve tens of thousands of jobs that would have been lost if we had not embarked on this path," Thomas Horton, CEO of American Air parent AMR Corp. said in a letter to American employees.

American filed for bankruptcy in November. Over the past 10 years most other major U.S. airlines have gone through bankruptcy to cut labor costs.


By CNNMoney staff @CNNMoney - Last updated June 11 2012: 4:32 PM ET
Join the Conversation
No more unemployment checks

Should seasonal workers be allowed to collect unemployment checks in their downtime?

Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.