We all remember the dramatic live TV shots of passengers
standing on the wings of US Airways Flight 1549, waiting to be
rescued after the ditching that came to be known as the "Miracle on
the Hudson." For the first time since the famous Airbus A320 was
pulled from the Hudson River in New York City and disassembled in
early 2009, its wings were put back in place last week at the North
Carolina museum where it is now on permanent display.
NYSE Regulation announced at the end of last week that it
determined that the common stock of AMR Corporation (the
“Company”) – ticker symbol AMR – and the
related listed securities below, should be suspended prior to the
opening on Thursday, January 5, 2012.
IATA Report Shows Passenger Traffic Down Over Previous
Months
The International Air Transport Association (IATA) announced
global traffic results for November showing a softening in
passenger markets while air cargo markets remained weak compared to
levels attained earlier in the year. Passenger traffic was 4.3%
above November 2010 levels but this is skewed as November 2010 was
a particularly weak month.
5,500 Aircraft Mechanics Gain Wage Increases, More Job Security
Protections
Teamster aircraft mechanics and related workers at United
Airlines overwhelmingly ratified a contract last last week that
provides for significant wage increases, maintenance of health care
benefits and enhanced job security protections.
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