Tag Archives: AMR

American Airlines in the Process of Filing Bankruptcy is Looking to Void Union Contracts

Today, it was announced that American Airlines while in the process of filing bankruptcy plans to try and get the bankruptcy court to retract the union employee contracts next week. They tried to negotiate with the employee unions and have … Continue reading

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Using Their Bankruptcy Filing, American Airlines Plans on Cutting 13,000 Jobs

American Airlines is using their high-profile bankruptcy filing to benefit them by eliminating 13,000 jobs or 15% of its workforce. The ailing airline is doing everything it can to remake itself using the bankruptcy filing. As part of the bankruptcy … Continue reading

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American Airlines Stock Posted Gains After Filing Bankruptcy

Eerily similar to Enron stock back in December 2001, AMR stock rose for five straight days after plunging 84% after filing bankruptcy on November 29. On Tuesday the stock for AMR showed its largest gain after rising 67% to close … Continue reading

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