( ) -q-23- UNDATED (Correspondent Jeremy House) “with their pilots.” American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs. [CutID: <Cuts> AMERICAN-AIRLINES-LOSS-house-q-FRIam.mp3 Time: 23s Title: AMERICAN-AIRLINES-LOSS-house-q-FRIam Out-cue: with their pilots] TAG: Correspondent Jeremy House reporting. American’s revenue is about flat with last year, while United and Delta […]
Audio
American Airlines lost $545 million in the third quarter on higher labor costs
( ) -q-23- UNDATED (Correspondent Jeremy House) “with their pilots.”
American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs.
[CutID: <Cuts> AMERICAN-AIRLINES-LOSS-house-q-FRIam.mp3
Time: 23s
Title: AMERICAN-AIRLINES-LOSS-house-q-FRIam
Out-cue: with their pilots]
TAG: Correspondent Jeremy House reporting. American’s revenue is about flat with last year, while United and Delta saw increases of more than 10% each.
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VERBATIM: It’s also cutting its forecast of full-year profit. The airline said its results were dragged down by nearly $1 billion in special charges related to a new contract with pilots. American’s loss stands in contrast with profits of more than $1 billion turned in by its two closest rivals, United and Delta, which also have expensive new contracts with their pilots.