Local

Feds: American Airlines Underpaid On Pensions

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

DALLAS (AP) – Federal officials say that American Airlines contributed only $6.5 million of the $100 million it was supposed to pay into employee pension plans this week.

The Pension Benefit Guaranty Corp. called the underpayment “a disturbing development.

American and its parent company filed for bankruptcy protection in November. The director of the pension-insurance agency has warned American not to terminate its pension plans.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments