American Airlines is improving financials, executive says

09/19/2012 | American City Business Journals

Chuck Schubert, the vice president of network planning for American Airlines, says the carrier is nearing its goal of $3 billion in financial improvements by 2017. The figure includes $2 billion in cost savings through measures such as renegotiating employee contracts and restructuring debt. "We're making good progress on all these items, and we'll begin to see the savings flow through our financials later this year and into 2013," Schubert said. AMR, the parent company of American Airlines, filed for bankruptcy in November.

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