American Airlines CEO meets with Tulsa workers
Wednesday, March 26th 2003, 12:00 am
By: News On 6
The war in Iraq is not good news for already struggling American Airlines. It's trying to pull itself out of a tailspin.
American Airlines CEO Donald Carty met with nearly 2,000 Tulsa-based employees Tuesday night. He gave his thoughts on the company's future. With billions of dollars in losses and stock price dropping, the airline is on the verge of bankruptcy.
Carty says he's determined to keep that from happening. â€œThere's no doubt in my mind that one way or another we're going to make it. I wouldn't have come to you and asked our employees to make the sacrifices you're being asked to make, if I weren't absolutely certain our plan will work."
Carty did not go into specifics. But he did say sacrifices would be felt across the board including management. The airline is currently negotiating with union leaders to cut nearly $2-billion in labor costs.
The media was not allowed to record the speech or the employee question and answer period. The airline gave us a videotape copy.