It's the American Way

More good new for American Airline and parent company AMR Corp.: On the eve of an announced settlement between Dallas and Fort Worth's mayors regarding the Wright Amendment--a press conference is announced for tomorrow, as well as a city council thumbs-up concerning the deal--Standard & Poor's gives the airline the buy-now atta-boy. Says here: "We expect the company to return to profitability in 2006, although rising oil prices create a risk. We also expect AMR to be strongly profitable in 2007." Writer Jim Corridore offers several reasons why AMR's a good buy with great earning potential right now, chief among them the fact AMR got a labor agreement in 2003 that "reduced employee costs by $1.8 billion," has scheduled its flights to better utilize aircraft, has gotten rid of older planes and can stave off cheaper flights offered by cut-rate comers who can't sustain flying at bargain-bin prices. Corridore mentions nothing, however, about American's grumpy flight attendants and cardboard-box foodstuffs. --Robert Wilonsky

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

Newsletters

All-access pass to the top stories, events and offers around town.

  • Top Stories
    Send: