The U.S. Transportation Security Administration’s decision to allow pocket knives on airliners was meant to signal a philosophical shift: focus less on screening everyone for everything, and more on terrorist threats.
Gerard Arpey’s eight-year effort to keep AMR Corp. out of bankruptcy ended with his retirement as a board decision to seek court protection threatened to erode his credibility, people familiar with the matter said.
American Airlines executives began considering a bankruptcy filing in August and were joined by parent AMR Corp.’s board in October as the carrier prepared a 2012 business plan, people familiar with the matter said.
American Airlines’ push for $1.25 billion in labor savings is bogging down, possibly imperiling its turnaround bid, as the union strife that preceded parent AMR Corp.’s bankruptcy spills into a new round of talks.
The American Airlines pilot union leader who was one of the first and most visible proponents of a merger with US Airways Group Inc. resigned, a day after pilots rejected the AMR Corp. unit’s final cost-cutting contract offer.
American Airlines , which stood by as its biggest U.S. rivals completed two mergers, is struggling to return to profit as it confronts the highest costs among its peers, worst margins and the threat of a strike.