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You are here: Home / News / St. Louis Cuts Credited With Profit Made By American Airlines

St. Louis Cuts Credited With Profit Made By American Airlines

July 22, 2004 By admin Leave a Comment

Cutbacks in St. Louis are being touted as helping the parent company of American Airlines make a slim $6-Million profit in the most recent quarter. AMR Corporation CEO Gerard Arpey calls the cuts in St. Louis painful, but necessary. American cut about 2,000 employees based at Lambert Airport in St. Louis. Arpey says the company pulled a lot of unprofitable flying out of St. Louis. Company officials, though, admit that they don’t have an answer to the business they have been losing to airlines which offer low-cost fares.

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