American Airlines’ (Dallas/Fort Worth) lawyers presented their case yesterday (April 23) before the bankruptcy court to throw out all of the existing labor contracts stating the airline cannot survive under the current labor contracts. AMR has lost around $12 billion since 201. Lawyers for the various labor groups are arguing a merger with US Airways (Phoenix) would save jobs and make the new company even stronger. AMR wants to cut around 13,000 jobs.
According to this article by Bloomberg Businessweek, “US Airways CEO Doug Parker says he would keep both airlines’ hubs and planes, stick with the American Airlines name, and create a bigger company that could compete against United and Delta. But AMR CEO Thomas Horton says he’s not interested in a merger until his company finishes cutting costs in bankruptcy.”
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Copyright Photo: Mark Durbin.
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