Independent journal on economy and transport policy
01:30 GMT+2
Airlines: sharp declines posted
(Financial Times)
April 22, 1999
By Andrew Edgecliffe-Johnson in New York
American Airlines and US Airways both reported sharp profit falls for the first quarter, but managed narrowly to beat Wall Street expectations.
AMR, the parent company of American, had already warned the market that a 10-day "sick-out" by pilots in February would deal a $200m-$250m blow to earnings this year.
Yesterday the second largest airline ...... Read more on Financial Times
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