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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.


Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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