|Worker Sacrifice Pays Off
After agreeing to deep wage cuts, employees at American Airline have helped the company post a profit in the third quarter, as operating expenses fell 24% from last year, driven by a 20.2% drop in wages, salaries and benefits.
|Expense Line Item||Amount Spent||% Change*|
|Wages, salaries and benefits||$1.693 billion||-20.2%|
|Aircraft fuel||701 million||0.6|
|Depreciation and amortization||345 million||1.5|
|Other rentals and landing fees||302 million||-3.5|
|Commissions, booking fees, and credit card expense||281 million||4.9|
|Maintenance, materials and repairs||223 million||-22.9|
|Aircraft rentals||165 million||-21.4|
|Food service||160 million||-15.3|
|Other operating expenses||594 million||-16.3|
|Total Operating Expenses||$4.44 billion||-24.0%|
|* -- from year-ago quarter. Source: Company report.|
AMR Posts $1 Million Profit
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