January 17, 2012
DALLAS – With the worst recent financial record in the industry and poisonous labor relations, American Airlines wasn't a very attractive target for buyers.
That view is changing now that American and parent AMR Corp. are reorganizing under the bankruptcy process at the same time that most other airlines have returned to profitability. Mergers have reduced competition and helped drive up fares.
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January 16, 2012
The head of the federal agency that oversees corporate pensions is ratcheting up pressure on the parent of American Airlines to preserve the pension plans of the airline's 130,000 workers and retirees as it seeks to restructure in bankruptcy court.
A lawyer for AMR Corp., which filed for Chapter 11 bankruptcy-court protection in late November, has suggested publicly that the airline's pensions are too costly, and may need to be cut.
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January 16, 2012
In what could be seen as a precursor to what the National Mediation Board is saying to American Airlines' unions at a meeting in Fort Worth on Thursday, the Transport Workers Union has divulged a little of what was said to its American Eagle union representatives on Wednesday.
Federal mediators met with the TWU, which represents American Eagle ground workers and mechanics, on Wednesday afternoon and told them it remains committed to helping the unions reach labor agreements despite AMR Corp.'s bankruptcy filing in November.
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