Bankruptcy Judge Denies AMR’s Request to Reject Pilot Contracts

(Reuters) – A U.S. judge on Wednesday, August 15, denied a request by American Airlines’ parent AMR Corp. to abandon collective bargaining agreements with its pilots’ union, despite AMR’s goal to save more than $1 billion a year in labor costs. Judge Sean… Read More ›

US Airways to Become More Involved in AMR’s Bankruptcy

On July 12, 2012, US Airways announced to the Associated Press that it is now a creditor of AMR.  US Airways spokesman, John McDonald, said his airline paid $600,000 for AMR bonds with a face value of $1 million. While purchasing a… Read More ›

American Airlines Seeks to Cut Retiree Benefits

AMR Corporation, the parent of American Airlines, has sought court permission to reduce retiree health benefits and impose out-of-pocket costs for access to certain other health coverage.  The Airline announced that it would discontinue retiree life insurance and would end… Read More ›

American Airlines Plans to Grow Out of Bankruptcy

AMR Corp., which filed bankruptcy in December 2011, recently announced the deep cuts that most consultants had long predicted. AMR said it is eliminating 13,000 jobs, terminating its four pension plans, grounding older planes and restructuring supplier contracts, in hopes… Read More ›