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American Airlines / Financial Woes / Aboulafia Interview #726977

CNN Evening News for Wednesday, Apr 23, 2003
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(Studio: Aaron Brown) Report introduced.

(Studio: Bill Tucker) The troubles at American Airlines following the revelation that executives granted themselves perquisites while getting the unions to roll back wage & benefits examined. [Allied Pilots Assn. Capt. Steve BLANKENSHIP†- says ousting CEO Donald Carty would be good.] [Former AMR executive Thom NULTY†- says there is a mess right now.] [Blaylock & Partners Ray NEIDL†- says this is a strange situation.] The testy labor relations at American discussed.

(Studio: Aaron Brown) Live interview held with airline analyst Richard Aboulafia†. [ABOULAFIA - says American can only avoid bankruptcy with union agreements; states American is in a very ugly situation; comments on the impact of bankruptcies on the big airline system that has dominated the industry; explains how this is a "perfect storm" for American airlines.]

Brown, Aaron;
Tucker, Bill

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