Two major unions are seeking to avoid a fight and instead share representation of ground workers at Fort Worth-based American Airlines after the company merges with US Airways.
American Airlines and US Airways will soon announce the senior executives of their combined company. The airlines said that an announcement could come in late May or early June.
The president of the AFL-CIO is concerned that the merger of American Airlines and US Airways will trigger a costly fight between two unions over ground workers.
A federal bankruptcy judge has denied a proposed $20 million severance payment for the CEO of American Airlines as part of the company’s merger with US Airways.
The parent company of American Airlines lost $192 million in February despite slashing labor costs by 20 percent. The loss was much narrower than in February 2012.
The widely-expected decision by Judge Sean H. Lane helps clear the way for the two carriers form the world’s biggest airline, with 6,700 daily flights and annual revenue of roughly $40 billion.
American Airlines and US Airways are expected to move one step closer toward a merger on Wednesday, as a bankruptcy judge is set to consider approving the agreement.
A federal official opposes a nearly $20 million severance payment to the CEO of the parent company of American Airlines in the carrier’s proposed merger with US Airways.
American Airlines has promoted an executive closely involved in overseeing the proposed merger with US Airways.
The CEO of JetBlue Airways Corp. expects closer ties with its partner carriers — including American Airlines.
The parent company of American Airlines earned $44 million in January. A year earlier, AMR lost $234 million during the early stages of its 2011 bankruptcy reorganization.
Flight attendants at US Airways approved a new contract that wraps up some unfinished business from the airline’s 2005 merger with America West.
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