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AMR wants unions to give up $990 million

By D.R. Stewart, Tulsa World Executives and lawyers for AMR Corp., the parent of American Airlines, said Monday its three unions must give up $990 million a year in wages and benefits for the airline to emerge from bankruptcy as a competitive network carrier. Speaking at the beginning of a trial in U.S. Bankruptcy Court [...]
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See more about: American Airlines

American Airlines' Bankruptcy Plan Will Set Off A War With The Union AND The Government (AMR)

Business & Finance : Business Insider: Clusterstock (2 years ago)

Today American Airlines parent company AMR told employee unions that it will cut up to 14,000 jobs in an effort to lower labor costs and get out of bankruptcy. It's a move we've seen before with Delta, Continental and United. It lay... Read Post

American Airlines seeks approval for turnaround

Business & Finance : Business Report (11 months ago)

American Airlines parent AMR plans to ask a bankruptcy judge to approve its turnaround plan. ||| Dallas - American Airlines parent AMR Corp. plans to ask a bankruptcy judge on Thursday to approve its turnaround plan that includes a ... Read Post

American Airlines Parent AMR Corp. Files for Bankruptcy

Business & Finance : Wall St. Cheat Sheet (3 years ago)

American Airlines parent company AMR Corp. has filed for bankruptcy, becoming the final large U.S. full-share airline to seek court protection from creditors... Read Post

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