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Article: American Airlines announces new postal contract.
- Article from:
- M2 Presswire
- Article date:
- September 21, 2006
CopyrightCOPYRIGHT 2006 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-21 September 2006-American Airlines: American Airlines announces new postal contract(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:21092006
FORT WORTH, Texas - American Airlines today signed a 5-year service agreement with the U.S. Postal Service potentially worth $500 million in revenue to American, which is the largest single contract ever awarded to American's Cargo division.
The previous contract with the Postal Service, executed in 2003, narrowed the number of carriers from 50 to only 13 and instituted stringent new requirements for the on-time delivery of mail by contracted carriers. To accommodate the requirements of that contract, American ...