American Airlines canceled more than 900 flights Thursday to fix faulty wiring in hundreds of jets, marking the third straight day of mass groundings as company executives offered profuse apologies and travel vouchers to calm angry customers.
Other carriers operating similar aircraft also left passengers scrambling for alternatives as they too canceled flights to inspect the wire bundles at the heart of a renewed safety crackdown by the Federal Aviation Administration.
AMR Corp.’s American Airlines
Airline analyst Glenn Engel of Goldman Sachs says he sees the largest U.S. commercial carrier getting about $900 million in cash. American has reduced its flight schedule by 20 percent and has slashed 20,000 jobs, or 14 percent of its staff. On Monday, the Fort Worth, Texas-based airline said it would cancel three routes: San Jose/Taipei, Chicago/Stockholm and Chicago/Birmingham, U.K. on a seasonal basis.
That worked out GREAT.
Maybe next time we should just tell them tosell some bling.