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
So-long "peanut fares."
Response comes after viral post points at carrier.
American Airlines and three other major U.S. airlines were accused of colluding to limit plane capacity and drive up domestic airfares.
Fuel costs are to blame, but that doesn't help your wallet.
Former FAA boss Jane Garvey led the agency through the aftermath of the Sept. 11 terrorist attacks.