NBC 5 has learned that Fort Worth-based American Airlines may cut between 10,000 and 15,000 jobs across the company.
Sources familiar with the plan said they company plans to announce the cuts during a meeting Wednesday morning in Fort Worth.
It is estimated that 1,000 of those jobs to be cut will be at the company's maintenance base at Alliance Airport in north Fort Worth.
After the company presents the plan they will begin negotiating with unions, so the final numbers of lost jobs lost may change.
American Airlines' parent company AMR filed for bankruptcy in November of last year and said Tuesday that they lost $904 million in the month of December -- more than the first nine months of 2011 combined.
NBC 5 will have more on this story throughout the day.