American Airlines is hiring pilots

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American Airlines says it will hire 1,500 pilots over the next five years and recall all of its pilots who have been furloughed.

FILE/ASSOCIATED PRESS  FILE/ASSOCIATED PRESS
FILE/ASSOCIATED PRESS
FILE/ASSOCIATED PRESS

American plans to start recruiting new pilots this fall. It’s in the process of hiring 1,500 new flight attendants.

A large number of working pilots are hitting a new mandatory retirement age of 65. The age was raised from age 60 a little more than five years ago.

American earned $71 million in August, after losing $82 million a year earlier. Revenue rose 7 percent to $2.34 billion.

American is seeking to exit bankruptcy protection in a merger with US Airways, but first it needs to get past an antitrust lawsuit filed by the Justice Department. A trial is scheduled to begin Nov. 25.

THE STOCK

AMR Corp. (AAMRQ)

Tuesday’s close:

$4.45, ▲ $0.34, or 8.27%

52-week range $0-$7

Annual dividend None

Price-earnings ratio* Lost
money

Total return YTD 460%

3-year ** -10%

5-year ** -17%

10-year ** -9%

Market value $1.5 billion

Note: Total returns through Tuesday

* Trailing 12 months; ** Annualized

Source: FactSet, Associated Press


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