Recent Posts

December 29, 2011

AMR Corp. (AMR), the bankrupt parent of American Airlines, asked a judge to approve its hiring of Rothschild Inc. as a financial adviser and investment banker, with a promise of $15 million in fees on confirmation of a bankruptcy plan or restructuring transaction.


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December 18, 2011

The airline industry consistently breaks the number one rule of business: The job of the company is to make money.

"The industry in aggregate has lost about $60 billion over the 32 years since deregulation, " says Severin Borenstein, an economist at the Haas School of Business at U.C. Berkley.


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December 17, 2011

WASHINGTON—Pension Benefit Guaranty Corporation Director Josh Gotbaum released the following statement today in response to comments made by American Airlines' Counsel Harvey Miller:

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Court Updates

February 22, 2012

Today the TWU submitted its response to (i) the motion of the AMR Retirees Pension Protection Corp. (“ARPPC”) for entry of an order appointing an official committee of retired employees pursuant to section 1114(d) of title 11 of the United States Code (the “Bankruptcy Code”), and (ii) the motion (Docket No. 1132) of the Ad Hoc Committee of Passenger Service Agents for appointment of a retirees committee pursuant to 11 U.S.C. § 1114(d) (collectively, the “Motions”) not take a position on the Motions but to confirm that  should the Court direct the appointment of a retiree committee pursuant to section 1114(d) of the Bankruptcy Code, the TWU elects to serve as the representative of TWU-represented retirees and would seek to participate, through a designated representative, as a member of such committee.

Press Releases

February 15, 2012

FORT WORTH – The Transport Workers Union presented plans to American Airlines management today that provide a blueprint for voluntary early out/separation as a way to avoid draconian, involuntary layoffs, while saving money for the company.

On February 1, 2012, AMR management announced that it planned to reduce the company’s workforce by 9,000 from TWU-represented work groups.

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