American Airlines, pilots move closer to new contract | Reduction

American Airlines, pilots move closer to new contract

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Excerpt:

NEW YORK American Airlines and its pilots union have reached an agreement in principle over a new contract, which could ultimately pave the way for the airline to exit bankruptcy. The union's board must still sign off on the deal and present it to pilots for a ratification vote. That could happen as soon as three weeks from now. AMR Corp. , the parent of American Airlines, filed for Chapter 11 protection last November. It has reached labor agreements with all of its unions except for the pilots. The airline has about 7,500 active pilots. The pilots rejected a prior contract proposal this summer designed to save American more than $300 million per year. It would have given the pilots pay raises and a 13. 5 per cent stake in the company after it emerges from bankruptcy protection.

Concepts:

American Airlines Southwest Airlines US Airways Airline Regional airline Delta Air Lines AMR Corporation Northwest Airlines

American Airlines, pilots move closer to new contract

Additional Info:

Organization: Allied Pilots Association

Overall Sentiment: -0.334101

Relevance: 0.881817

Disambiguation: TradeUnionReferences:

• Allied Pilots Association: dbpedia
• Allied Pilots Association: umbel
• Allied Pilots Association: yago

Company: American Airlines

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Disambiguation: AirlineReferences:

• American Airlines
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• American Airlines: freebase
• American Airlines: umbel
• American Airlines: opencyc
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Company: US Airways

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Disambiguation: AirlineReferences:

• US Airways
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• US Airways: freebase
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Company: AMR Corp.

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Disambiguation: References:

• AMR Corporation
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• AMR Corporation: freebase
• AMR Corporation: opencyc

City: NEW YORK

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• New York, Lincolnshire: yago

City: Fort Worth

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Disambiguation: References:

• Fort Worth, Texas
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• Fort Worth, Texas: freebase
• Fort Worth, Texas: geonames
• Fort Worth, Texas: census
• Fort Worth, Texas: yago

StateOrCounty: Texas

Overall Sentiment: 0.590231

Relevance: 0.39022

Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | GovernmentalJurisdiction | USStateReferences:

• Texas
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Tags Info

Source Site: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/TMnTzzZnTIk/

Provided Title:

American Airlines, pilots move closer to new contract

URL Provided Desc:

If approved, the contract would help pave the way for the Fort Worth, Texas-based airline to exit bankruptcy

Provided Keywords:

• American Airlines
• amr corp
• emerge from bankruptcy
• labor agreement
• pilots union
• ratify contract
• tom horton

Data Sources

Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/TMnTzzZnTIk/

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