CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
NFL:  Dallas Cowboys beat  the Titans 26-10. RECAP | Postgame Show on 105.3 The Fan! Listen

Local

American Airlines Pilots Approve New Contract

Get Breaking News First

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

aabank American Airlines Pilots Approve New Contract

Follow the action on Twitter by using the widget on the righthand side of this page.

Click here to read more about AA's bankruptcy on CBSDFW.COM.

DALLAS (AP) - Pilots at American Airlines are approving a new labor contract, which could clear the way for consideration of a merger with US Airways.

The pilots’ union announced the results Friday. Pilots rejected a similar offer in August, but union leaders lobbied hard for passage the second time around.

Under the contract, pilots will get pay raises and own 13.5 percent of American Airlines’ parent AMR Corp. after it emerges from bankruptcy protection.

Union officials and analysts say the vote gives AMR creditors certainty about the company’s labor costs, making it easier for them to weigh which gives them more money — American on its own, or getting bigger through a merger with US Airways.

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 This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: