fbpx
Welcome

desire rm quote

desire pearl quote

temptation cun quote

hedonism 2 Quote

cruise quote

hidden beach quote

Trending Vacation

DALLAS (AP) -- American Airlines and its parent company are filing for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will no impact on travelers for now.

The nation's third-largest airline also said Tuesday that CEO Gerard Arpey stepped down and was replaced by company president Thomas W. Horton.

AMR Corp. has continued to lose money while other U.S. airlines returned to profitability in the last two years.

Horton said the board of directors unanimously decided to file for bankruptcy after meeting Monday in New York and again by conference call on Monday night.

American said it would operate normally while it reorganizes in bankruptcy. The airline said it would continue to operate flights, honor tickets and take reservations. It said the AAdvantage frequent-flier program would not be affected.

Horton said, however, that as the company goes through a restructuring it will probably reduce the flight schedule "modestly," with corresponding cuts in jobs.

The company will delay the spin-off of its regional airline operation, American Eagle, which was expected in early 2012. AMR Eagle Holding Corp. also filed for bankruptcy.

American was the only major U.S. airline that didn't file for bankruptcy protection in the aftermath of the 2001 terrorist attacks that triggered a deep slump in the airline industry. The last major airline to file for bankruptcy protection was Delta in 2005.

Speculation about an AMR bankruptcy grew in recent weeks, however, as negotiations with pilots and other workers over cost-saving labor contracts seemed to stall. The company said that labor-contract rules forced it to spend at least $600 million more per year than other airlines.

Horton said, however, that there was no single factor that led to the bankruptcy filing. He said the company needed to cut costs in view of the weak global economy and high, volatile fuel prices. The average price of jet fuel has risen more than 50 percent in the past five years.

Ray Neidl, an analyst with Maxim Group LLC, said AMR was wise to file for bankruptcy while it still had about $4 billion in cash. He said the company has strong assets but needs to find labor peace and more revenue. He believes American might be pushed into a merger with US Airways.

The president of the pilots' union, Dave Bates, said his members were concerned about what the bankruptcy will mean for them — other airlines used bankruptcy to terminate pension plans.

"While today's news was not entirely unexpected, it is nevertheless disappointing that we find ourselves working for an airline that has lost its way," Bates said in a message to pilots.

Darryl Jenkins, a consultant who has worked for the major airlines, said AMR will be able to cut costs in bankruptcy and that employees and shareholders would be the big losers.

"Labor is going to take a major hit," Jenkins said. "Their pensions are in danger."

Shareholders will be wiped out — AMR shares had already tumbled 79 percent this year on bankruptcy fears. The shares closed Monday at $1.62.

American was the world's biggest airline as recently as 2008, but has fallen behind United and Delta after those two companies bought other airlines.

Fort Worth-based AMR lost $162 million in the third quarter and has posted losses in 14 of the last 16 quarters.

AMR has about $4 billion in cash and has announced plans to order 460 new narrow-body planes used primarily in the U.S., plus other jets for longer flights.

American was founded in 1930 from the combination of more than 80 smaller carriers. It now flies about 240,000 passengers per day and has about 78,000 employees.

The airline operates out of five major hubs in New York, Los Angeles, Dallas/Fort Worth, Chicago, and Miami. It has major international partnerships with British Airways and Japan Airlines.

___ Bomkamp reported from New York.

 

Desire Pearl

Desire Pearl

Desire Resort Cancun

Desire Pearl is a 5-star resort located just south of Cancun along the beautiful Riviera Maya Coastline. Desire is an All-Inclusive, Couples Only, Clothing Optional and Lifestyle Friendly Resort.
 

Learn more and book Desire Pearl

Hedonism II

Hedo 2

Hedo II

For more than 30 years, Hedonism clothing optional resorts have enjoyed a reputation for shattering inhibitions and provoking the kind of behavior people don’t talk about in polite circles. It’s what happens when you combine warm water, a white-sand beach, open bars, and open minds.
 

Learn more and book Hedo II

Desire Cruise (links to desire website)

Desire Pearl

Desire Cruise

Expand your horizons and explore your fantasies, as you cruise through some of the world’s most exotic destinations along the coastal region of the Western Mediterranean.
 

Click Here to Visit Desire Cruise Website

Naughty Events

Naughty in N'awlins

Naughty Events

Naughty Events is the premier swinger/lifestyle/nudist/BDSM and sex positive events producer in the country - including the amazing Nughty in N'awlins, as well as several other exciting events.
 

Click Here to learn more

Upcoming Events

No result...

Bliss Cruises

Bliss lifestyle cruises

Bliss Cruises

Bliss Cruise makes it easy for adventuresome couples to enjoy time at sea by offering adult-only, full-ship charters that tour exotic locations from Florida to the Eastern and Western Caribbean. In some areas of the ship, clothing is optional -- but all passengers are at least 21 years and older -- so no need to worry about an under-aged crowd.
 

Click Here to learn more

Desire Riviera Maya

Desire Riviera Maya

Desire Cancun

Desire Resort & Spa Riviera Maya is a couples-only resort, the first and only of its kind in Mexico, located in Cancun’s Riviera Maya. Amazing landscapes and a deliciously erotic atmosphere will unleash your imagination and stimulate your senses throughout your clothing-optional vacation.
 

Learn more and book Desire Riviera Maya

Temptation Resort Cancun

Temptation Resort

Temptation Resort & Spa Cancun

Temptation created a space where adults can be safe, be themselves and just have fun.They have devoted ourselves to creating a completely unique experience that brings people back time and time again. And it shows in the resort’s unparalleled occupancy rate, which is between 80% and 85%, all year round.
 

Click Here to Visit Temptation Website

Live Help

Kasidie.com - Sexually Social

Newsletter Sign Up

Receive Discounts and Special Promotions not offered to the General Public.

Latest News

Latest Blogs

27 February 2018
Uncategorized
Sexual Information
In 2010, Mira Bellwether wrote "Fucking Trans Women," the first piece of its kind that outlined the sex lives of trans women as an educational and instructional piece of text. In the zine, Bellwether discusses "muffing," a term th...
20 February 2018
Uncategorized
Sexual Information
To most "squares," the idea of a swingers party elicits visions of a cramped room full of writhing, sweat-soaked bodies; people uninhibited by "traditional" sexual protocols. But, in reality, a sex party is a finely orchestrated g...
19 February 2018
Resort Travel
News
Adventure Travel
In the midst of glowing reviews of several Belizean resorts recently awarded by renowned travel site, Trip Advisor, the country is also receiving international exposure for two week-long swingers' parties set to be hosted on a pri...