Market Chatter: American Airlines Cutting Corporate Jobs; Shares Drop

MT Newswires Live

Nov 05

American Airlines Group (AAL) is cutting hundreds of corporate jobs following its Q3 loss, Bloomberg reported Tuesday, citing a person familiar with the matter.

The layoffs are affecting mid-management and support roles in finance, technology, commercial, and communications, primarily at the carrier's Fort Worth, Texas, headquarters, the report said.

Shares were down by nearly 3% in recent Tuesday trading.

American Airlines Group did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 12.94, Change: -0.40, Percent Change: -2.99

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