American Airlines Group Inc (AAL)

[rockland2u]

so this, reposting..

Here is What E-Trade has to say today about the success of AAL and why and how: Cost Cutting During Bankruptcy Laid The Foundation
The foundation for this growth in American’s revenue and profit was laid during its two year bankruptcy period in which it slashed operating costs.Chapter 11 protection enabledthe carrier to renegotiate contracts with pilots, flight attendants, airport staff, engineers, technicians and other employees. It also enabled the company to limit its pension liabilities.American also re-negotiated many of its office and aircraft lease contracts. New contracts signed following these negotiations lowered the carriers operating costs. When expressed as a percentage of its passenger revenue, Americans non-fuel costs fell steadily through its two-year bankruptcy period, from November 2011 to December 2013.
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