Pursuits
AMR Bankruptcy Creates Opening to Speed Cutbacks at Eagle Unit
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AMR Corp.’s bankruptcy filing may open the door to reject leases on costly small jets and make deeper cuts in flying at American Airlines’ American Eagle regional unit.
“If you’re going to go into Chapter 11, you may as well fix what’s broke,” said Jeff Kauffman, a Sterne Agee & Leach Inc. analyst in New York. “And what’s broken is the Eagle product.”