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Politics : Stockman Scott's Political Debate Porch

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To: SOROS who started this subject	4/15/2003 3:19:59 PM
From: tonka552000	Read Replies (1) of 89467

Reuters -- American Air bankruptcy looms as attendants reject plan Tuesday April 15, 3:15 pm ET DALLAS, April 15 (Reuters) - Flight attendants at American Airlines on Tuesday voted against a concession agreement, paving the way for an imminent bankruptcy filing by the world's largest carrier, a local news radio station reported. ADVERTISEMENT The airline has said that if its three major union groups do not ratify deals that will help save the carrier $1.8 billion a year in labor costs, American, a division of AMR Corp. (NYSE:AMR - News), would be forced to file for bankruptcy. News radio station KRLD reported that the union had narrowly rejected the deal and was in talks with the airline to see if they could quickly poll their members again. The two other major unions at American had approved concession deals earlier in the day. The Association of Professional Flight Attendants voted against a deal that would cut annual pay and benefits for flight attendants collectively by $340 million.

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