Boeing’s Albaugh Expects Long-Term Benefits From AMR Bankruptcy

Boeing Co.’s commercial jet chief expects both planemakers and American Airlines to benefit from parent AMR Corp.’s bankruptcy reorganization, which may hone the carrier’s competitive edge.

AMR sought court protection from creditors after grappling with soaring fuel expenses while failing to secure cost-cutting labor agreements. The Fort Worth, Texas-based carrier was on track for its fourth consecutive yearly loss.