AMR CEO Says It's Time To Consider Merger Options

Law360, New York (July 11, 2012, 7:47 PM EDT) -- Bankrupt American Airlines Inc. and parent AMR Corp. have pointed their noses toward possible restructuring options, CEO Tom Horton said Tuesday in a letter to employees that touted the airline's accomplishments during its seven-month-old restructuring in New York bankruptcy court.

Now's the time to start seriously considering teaming up with another airline, according to the letter, though the company still appeared set on its plan to first emerge as a standalone entity. However, Horton said AMR has now reached a point “where we have greater clarity...
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