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AMR

AMR 5/16/2012

09:46 : Though an AMR (AAMRQ.PK)-US Airways ([[LCC]] +3.4%) merger still appears ... - Though an AMR (AAMRQ.PK)-US Airways (LCC +3.4%) merger still appears to be on track, the deal won't come without a full slate of labor headaches. With both carriers already contending with vocal minority pilots upset with the way senior pilot ...
Source : seekingalpha-com

AMR 5/14/2012

18:06 : AMR pilots see $130 million savings from U.S. Air merger - (Reuters) - The lead labor negotiator for AMR Corp pilots said a merger between AMR and competitor US Airways could save $130 million a year in cuts to bankrupt airline's pilots' union.
Source : reuters-com

AMR 5/12/2012

18:36 : In Egypt, Amr Moussa Makes an Insider#x2019;s Run for President - Amr Moussa, a former Egyptian foreign minister who served under former President Hosni Mubarak, is trying to turn his greatest liability #x2014; a long career in government #x2014; into a strength.
Source : iht-com

AMR 5/11/2012

18:02 : Bankrupt AMR to consider merger option - AMR Corp., the bankrupt parent of American Airlines, will consider merger options with rivals including US Airways Group, sources said Friday. US Airways has been courting AMR's creditors, including labor unions unhappy with AMR's proposed ...
Source : msnbc-msn-com

AMR 5/8/2012

18:59 : AMR reports April passenger traffic - AMR Corp. on Tuesday reported an 11.6 percent growth in passenger revenue per available seat mile in April, citing high load factors and a strong yield environment. Fort Worth-based AMR reported that its April domestic traffic dropped ...
Source : bizjournals-com

AMR 5/2/2012

05:02 : AMR (AAMRQ.PK) said yesterday it would cut five senior jobs in a restructu - AMR (AAMRQ.PK) said yesterday it would cut five senior jobs in a restructuring and its lead labor strategist will step down. Combined with previously announced departures, the cuts represent a "20% reduction in the company's most senior leadership ...
Source : seekingalpha-com

AMR 5/1/2012

18:40 : Latest AMR offer could salvage 2,600 TWU jobs - Members of the Transport Workers Union, one of bankrupt AMR Corp's primary labor groups, will vote later this month on a proposed contract from AMR that would reduce by 2,600 the number of proposed union layoffs at the airline.
Source : ibtimes-com

AMR 4/26/2012

18:50 : AMR labor needs shifted after bankruptcy: executive - New YORK (Reuters) - AMR Corp's labor relations chief acknowledged on Thursday that the company tried to "limp along" by negotiating burdensome short-term labor deals before deciding to file for bankruptcy.
Source : reuters-com
06:24 : US Airways lays out AMR merger strategy - Having won support for a merger from bankrupt American Airlines’ three largest unions, US Airways is seeking support from the rest of American’s creditors, CEO Doug Parker said Wednesday.Click to Continue »

AMR 4/25/2012

13:27 : US Airways aims to convince other AMR creditors - US Airways says it is trying to convince creditors of American Airlines of the virtues of a merger even though American executives don't want one right now....
Source : usnews-com

AMR 4/23/2012

18:31 : AMR union to vote next week on proposal: sources - The union representing seven work groups at bankrupt American Airlines will vote starting next week on the carrier's best and final contract offer, with results expected before unions testify in a hearing on the airline's request to void their contract, ...
Source : ibtimes-com
12:43 : One AMR Union Said to Send Offer for Vote - The union representing American Airlines' mechanics and fleet service employees has agreed to send the airline's latest contract proposal to members for a vote.
Source : wsj-com

AMR 4/20/2012

13:51 : AMR unions push for US Air merger - April 20 - American Airlines unions are backing a merger with US Airways ahead of next week’s bankruptcy court hearing, which could cancel labor contracts. Conway G. Gittens reports.
Source : reuters-com
12:47 : AMR unions, in deal with US Air, want merger talks - The three main unions at bankrupt American Airlines have reached a tentative deal with US Airways Group intended to put pressure on a reluctant American to start merger talks with its rival, the unions and US Airways said on Friday.
Source : ibtimes-com
10:04 : AMR unions ink deal with US Airways - US Airways has inked deals with the three unions at American Airlines, raising expectations that the two carriers will soon join forces as a single airline.
Source : msnbc-msn-com
10:02 : US Airways makes deals with 3 AMR unions - (04-20) 07:18 PDT DALLAS (AP) -- US Airways has struck deals with labor unions at American Airlines to win their support for a possible merger with American. The unions represent more than 50,000 workers including...
Source : sfgate-com

AMR 4/19/2012

19:16 : AMR unions plan to back takeover bid by US Airways - DALLAS (AP) -- Unions at American Airlines plan to support a potential takeover offer by rival US Airways, according to two people familiar with the situation....
Source : usnews-com
10:00 : AMR Posts $1.66 Billion Loss - American Airlines parent AMR, in bankruptcy protection since November, posted a larger first-quarter loss due to one-time items related to its restructuring.
Source : wsj-com

AMR 4/3/2012

16:54 : US Air sees $1.5 bln synergies from AMR merger-WSJ - (Reuters) - US Airways Group sees $1.5 billion in synergies from a potential merger with AMR Corp , the bankrupt parent of American Airlines, The Wall Street Journal reported on Tuesday.
Source : reuters-com

AMR 4/2/2012

05:47 : Pinnacle Airlines (PNCL) joins AMR in seeking bankruptcy protection, becom - Pinnacle Airlines (PNCL) joins AMR in seeking bankruptcy protection, becoming the 43 U.S. carrier to do so since the Sep. 11 attacks. Pinnacle, which has assets of $1.5B and liabilities of $1.4B, will ...
Source : seekingalpha-com

AMR 3/30/2012

08:45 : AMR loses $619 million in February - NEW YORK (MarketWatch) -- AMR Corp. reported a loss of $619 million, or $1.85 a share, for the month of February on operating revenue of $1.81 billion, according to a filing with regulators on Friday. The airline, wihch filed for bankruptcy ...
Source : marketwatch-com

AMR 3/27/2012

14:52 : AMR Seeks Approval to Reject Labor Contracts - American Airlines parent AMR made good on last week's pledge by filing a motion in bankruptcy court to begin the process of rejecting its labor contracts.
Source : wsj-com

AMR 3/23/2012

22:22 : US Airways said to be in talks with AMR creditors - US Airways Group Inc., seeking support for a possible American Airlines merger, is discussing a takeover plan with some creditors of the bankrupt carrier and their advisers, people with knowledge…Click to Continue »

AMR 3/15/2012

13:05 : AMR CEO Says Long Bankruptcy Risks Breakup - American Airlines parent AMR, which entered bankruptcy nearly four months ago, believes it could emerge from court protection by the end of this year, CEO Tom Horton said.
Source : wsj-com

AMR 3/8/2012

17:41 : AMR Seeks Time for Chapter 11 Plan - AMR asked the judge overseeing its bankruptcy proceedings to extend the period in which the company has exclusive rights to field a reorganization plan.
Source : wsj-com

AMR 3/7/2012

19:56 : AMR offers to freeze pension plans - The bankrupt parent company of American Airlines has offered to freeze, rather than terminate, the pension plans of many of its employees in a significant concession
Source : ft-com
16:44 : AMR Offers to Freeze, Not Terminate, Pensions - The proposal by AMR, the bankrupt parent of American Airlines, would avert the largest pension default in U.S. history and could move the airline closer to deals with its major unionized work groups.
Source : nytimes-com
14:52 : AMR offers to freeze rather than terminate pensions - (Reuters) - AMR Corp, the bankrupt parent of American Airlines, on Wednesday proposed a plan to freeze pensions covering many of its workers, retreating from an earlier proposal to terminate them and leave them to government insurers, which ...
Source : reuters-com
14:21 : AMR (AAMRQ.PK), which had told American Airlines employees it intended ... - AMR (AAMRQ.PK), which had told American Airlines employees it intended to end their four underfunded pension plans, reverses course and says it has found a solution allowing it to pursue a freeze of three of the plans. Managers, flight attendants, ...
Source : seekingalpha-com
13:08 : AMR Retreats on Terminating Pension Plans - AMR, which told employees at its American Airlines unit five weeks ago that it intended to terminate their four underfunded pension plans, reversed course Wednesday and said it has found a solution that would allow it to pursue a freeze of ...
Source : wsj-com
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