American Airlines cuts over 1,000 jobs.(Brief Article)

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

American Airlines has announced that it is to lay off 650 workers at its Kansas City and St. Louis maintenance facilities along with 450 pilots due to rising fuel costs and competition from low-cost carriers.

The 1,100 layoffs come after the airline announced that it had lost USD214m in the third quarter of 2004 and expected to record an even bigger loss in the fourth quarter. A spokesperson for American Airlines said that despite its cost cutting …