American Airlines, the world’s largest air carrier, saw its revenues drop by $775 million in 2016 as it faced the same headwinds as the wider industry: fiercer fare competition and a strong U.S. dollar. The company’s fleet shrank slightly in the year it added 55 planes and retired 71 but American still maintains the largest and youngest fleet of the main U.S. carriers. The airline’s CEO, Doug Parker, continues to face pressure from American’s pilots’ union, which in February 2017 passed a vote of no confidence, citing delays in implementing their contract and a “toxic” work culture.
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News about American Airlines Group
Doug Parker is listening to both employees and customers to create a better business.
It's a limited arrangement, though.
CEO Doug Parker sees a steady increase in profits and improvements in the company's near future.
The four largest U.S. carriers are accused of conspiring to raise fares.
They join a host of companies pledging payouts or training.