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American Airlines' parent AMR Corp. reached agreements with its unions late Monday for $1.8 billion in annual concessions. The agreements, which call for pilots to give up $660 million in salary and benefits, at least temporarily averted a bankruptcy filing for the Fort Worth, Texas-based company. AMR Chairman and CEO Don Carty said the union and employees showed an "unwavering commitment to the future of the company."
April 02, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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