AMR Risks Cash Drain as Discord Slows Union Concession Talks
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American Airlines’ push for $1.25 billion in labor savings is bogging down, possibly imperiling its turnaround bid, as the union strife that preceded parent AMR Corp.’s bankruptcy spills into a new round of talks.
A failure to win negotiated concessions would force AMR to ask a bankruptcy judge to let it impose new contract terms, adding legal steps to the process and delaying implementation of changes the airline has said it needs to stem losses.