The largest carrier of passengers between the Virgin Islands and Puerto Rico may shut down its San Juan operations as the company attempts to emerge from bankruptcy, a newspaper reported.
A memo from the Association of Flight Attendants claimed that American Eagle Airlines will close its San Juan base in March 2013, according to El Vocero, a Puerto Rican newspaper. The memo said the airline employs about 150 people in Puerto Rico who will lose their jobs as a result of the change, the newspaper reported Friday.
The airline, which declared bankruptcy in December, currently offers four round-trip flights per day between the Terrance B. Lettsome International Airport and Luis Munoz Marin International Airport in San Juan.
The bankruptcy filing was needed to reduce the company’s cost structure, American Eagle officials said in a December press release.
The release added that AMR Corp, the airline’s parent company, had $4.1 billion in cash and other liquid holdings in December and intends to “fly normal schedules, provide wages and benefits without interruption” and maintain frequent flyer programmes.
See the March 29, 2012 edition for full coverage.
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