American Airlines, pilots reach tentative contract
June 27 |
June 27 (Reuters) - Pilot union leaders at American Airlines reached a tentative agreement on Wednesday on a steep cost-cutting contract aimed at heading off a threat by management to abandon the current deal in bankruptcy and impose stricter terms.
The Allied Pilots Association board agreed to send the last and best offer to its membership for consideration, the union and the company said. The plan was reworked after APA board members rejected a previous proposal.
AMR Corp is American's parent.
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