Key milestones loom for American, US Airways
This year, AMR Corp., parent of American Airlines, recorded the highest passenger revenue for the second quarter in its history and logged a $357 million net profit, which is $262 million more than the same period last year. This appears to show forward momentum for the airline that hopes this quarter to merge with US Airways and emerge from Chapter 11 reorganization in what it touts as “one of the most effective major corporate restructurings ever.” To accomplish this, American must ...
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