Market Commentary and Intraday News
News Summary: AMR takes 2nd shot at pilot contract
276 days ago
By The Associated Press
IF AT FIRST: American Airlines is trying again to throw out its contract with union pilots. A judge denied the company's request this week, saying the airline didn't prove it needed unlimited power to cut jobs and outsource flying.
SECOND CHANCE: AMR Corp.'s American agreed to limit pilot furloughs to about 1,750 and limit its ability to outsource flying to other airlines.
STAY TUNED: The pilots' union is fighting to keep its contract. A U.S. bankruptcy judge in New York is expected to rule in the case next month.
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