- ABC News
- September 2, 2009
AC
American Airlinesamr is cutting 921 flight attendant jobs and Southwest luv will temporarily halt non-stop flights on three routes early next year in the latest examples of airlines trying to cope with a steep drop in air travel. The news from the two U.S. carriers Tuesday came the same day the International Air Transport Association reported that the airline industry globally suffered at least $6 billion in losses in the first six months of the year. In June, the association had predicted the industry would lose $9 billion for the entire year. With many travelers staying put as the recession lingers, carriers are cutting costs and flights to try to stay solvent. "They're trying to anticipate declines in demand so they can keep airplanes full and keep airfares up," says Mike Boyd, president of the Boyd Group International that does forecasting for airports and the airline industry. September schedules show domestic capacity, measured by seats, down 5% compared with a year ago...