Business
Bankruptcy judge throws out AMR pilots' contract
Posted: Sep 4, 2012 4:09 PM
Updated: Sep 4, 2012 4:17 PM
NEW YORK (AP) U.S. Bankruptcy Judge Sean H. Lane is throwing out the union contract of American Airlines' pilots as part of the company's restructuring.
A key part of the bankruptcy proceedings, the ruling clears the way for the Fort Worth, Texas-based airline to dramatically cut costs and quicken its emergence from Chapter 11 bankruptcy protection.
The airline has successfully renegotiated contracts with all its other labor unions.
