American Airlines restructuring plan may take a little time

06/22/2011 | St. Louis Post-Dispatch

American Airlines, which avoided bankruptcy when many rivals filed Chapter 11, has posted a loss in eight of the past 10 years. The carrier has made a number of changes, including securing alliances with top airlines, restructuring its network and updating its fleet. Many of its major competitors also struggled to be profitable over much of the past decade. However, American Airlines executives believe its cost disadvantage will dissipate as other carriers renegotiate labor contracts.

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