AMR to Trim Eagle Costs $75 Million With Up to 600 Job Cuts
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American Airlines parent AMR Corp. said it must cut annual spending by $75 million at regional carrier American Eagle while paring as many as 600 jobs as the company restructures in bankruptcy.
About half of the cost reductions will come from lowering pay and reducing overtime, with the balance achieved through changing unproductive work rules, scheduling restrictions and retirement-account contributions, Eagle Chief Executive Officer Dan Garton said today on a media conference call.