AMR should retrench, cut labor costs, analysts say

12/1/2011 | Fort Worth Star-Telegram (Texas)

AMR Corp., the parent company of American Airlines, will need to retrench to survive bankruptcy, analysts say. Options include merging with another airline, cutting unprofitable routes and renegotiating labor contracts. "We estimate labor will probably have to give up more than they would have otherwise, plus sacrifice jobs," said Ray Neidl, an analyst at Maxim Group.

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Fort Worth Star-Telegram (Texas)

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