AMR Exec Says Union Contracts Must Go To Save Airline

Law360, New York (April 24, 2012, 7:25 PM EDT) -- American Airlines Inc. parent AMR Corp.'s chief restructuring officer testified Tuesday that American's mounting losses and inability to keep up with more streamlined competitors give it no choice but to reject its collective bargaining agreements or perish.

In the second day of AMR's weeklong attempt to demonstrate to U.S. Bankruptcy Judge Sean H. Lane that it needs to get out of collective bargaining agreements with its three biggest unions, CRO Bev Goulet cited American's $10 billion losses in 10 years and the fact that it saw...
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