US Airways Group Inc. moved closer to making a takeover offer for AMR Corp.’s American Airlines in bankruptcy by reaching agreements on contract terms with the carrier’s major unions.
American Airlines flight attendants voted to approve cost reductions sought by the bankrupt carrier, their union said in an e-mail.
American Airlines and US Airways Group Inc. union leaders told the U.S. antitrust chief opposing the carriers’ proposed merger that they fear jobs will be lost if he succeeds in blocking the deal.
AMR Corp.’s American Airlines and its flight attendants failed to reach an agreement on a new contract as they finished three days of mediated talks, the first such session in almost eight months.
American Airlines’ flight attendants union told its members it will reject any offer of arbitration in contract talks with the carrier, an action that may move the group closer to a strike.
AMR Corp.’s American Airlines, the third-largest U.S. airline, asked a bankruptcy judge to let it void labor contracts with union workers after failing to reach agreements on $1.25 billion in annual cost reductions.
U.S. airline pilots will be exempted from physical checks at airport security checkpoints so federal screeners can better focus on passengers, the Transportation Security Administration chief said.