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Texas City Sun in Texas City, Texas

11 Apr 2003

Page 5

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Newspaper

Texas City Sun

Location

Texas City, Texas, United States of America

Date

Apr 11, 2003

Page

5

Pilots weigh concessions as voting nears at American

Fort Worth pilots ask questions on a tentative plan to save AMR from bankruptcy by cutting about 660 million annually. The Allied Pilots Association hears about 23 percent pay cuts and 2,500 layoffs over six years, while NAMI and other unions also face reductions and bonuses amid a looming filing. The company warns bankruptcy is likely if deals fail, with AMR stock near three eighty.

MENTIONED IN THIS ARTICLE

Dow Industrials Dow Transportation Dow Utilities NYSE Amex Sen S&p Russell Wilshire ChrisBnk Wirelesst SonusNet Talbots Fst Htl.com AccessPh Restard Constella S LexarMd Raytech Taglt Wabash FlexSolgn AVI Bio SunTest Morgnf JNI Corp Zapata NordicAm Sonicinnn Wipro ChadThr Infosys NetwirAse EFC Rep Emstch Fox Ent Radiologix NorSys HuttigBld Catut VaspeyFsh CogTechs Bos Cisco Intel SunMicro GenElec BemaGold Yahoo AOL DHB Inds Oracle HomeDp Nabors USA Intr Pfizer Devone JDS Unish HCA Inc ApidMails IBM _ NY AOLTW Atbt Ts NY JDS Umph Nasd Albertsn NY Altria NY Kroger NY Anheusr NY Landrys NY LowasCos NY Apple Lucent NY ApidMatls Nasd Ashland NY Marathon NY BEA Sys Nasd Maxam Amex BMC’ NY McDnids NY BP PLC NY Merck NY BakrHu NY Merrilllyn NY BkotAm NY Microsofts BluCalp Motorola NY BootsCts Amex NetwirAse NY Calpine CenterPat Nextelc Chair B NY PepsiCo NY Cooperinds NY Pfizer NY Daimirc NY Pharmacia NY RickCab Nash DukeEgg NY RoyiDut NY Ad Etrade NY SBC Com NY eBayine Nash Sears NY EMC Cp NY Smithnits NY ElPasoCp NY Solutia NY Entergy NY SenusNet Nash ExxonMb NY SwstAirs NY Fedrds Spdr Amex FiberNet Nash SunMicro Nash Fordm NY Sysco NY Fox Ent NY TXU Corp NY GenElec NY TenetHits NY GenMills Texinst NY GnMott NY USA Intr Nasd GMH NY UnionPac NY AD Hca Inc NY Uplantrs NY Canada Japan Mexico U.S Vanguard Fidelity Invest Magella GwthAp Contra Grolne MT IncoAp MP EupacAp IL Nperap Janus Lipper, Inc Fort Worth American Airlines Allied Pilots Association American Dave Bates John Blackstone Donald J. Carty Transport Workers Union Transport Workers’ Union New York Stock Exchange AMR Associated Press US Airways United Airlines Continental
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Continental debt rating dropped amid weaker air travel

Moody's Investors Service downgraded Continental Airlines again amid declines in passenger demand and revenues. The outlook remains negative with potential further downgrades if cash flow and liquidity do not improve in the next two quarters. Continental plans to cut $500 million in expenses and up to 1,200 jobs as the industry faces a weak season and ongoing losses.

MENTIONED IN THIS ARTICLE

Associated Press Houston Moody’s Investors Service Continental Airlines Moody’s Iraq Continental
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Trade deficit narrows before war amid prewar jitters

The February trade deficit shrank to 40.3 billion dollars, down 2.2 percent from January as demand for foreign goods fell. Exports edged up while imports slipped, and fuel prices hit a 20 year high. Jobless claims dropped though the labor market remained sluggish. Analysts see export growth resuming later year.

MENTIONED IN THIS ARTICLE

Washington U.S Commerce Department Iraq Labor Department Wall Street United States Mexico Canada Israel Jordan Mideast
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Also Mentioned on This Page

Dow Jones Mar Esse Jeff Brundage Brundage Jeannine Aversa U.S. Trade Department of Commerce
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