Sep 4, 2012 7:34 PM by Lacey Steele
NEW YORK (AP) - U.S. Bankruptcy Judge Sean H. Lane is throwing out the union contract of American Airlines' pilots as part of the company's restructuring.
A key part of the bankruptcy proceedings, the ruling clears the way for the Fort Worth, Texas-based airline to dramatically cut costs and quicken its emergence from Chapter 11 bankruptcy protection.
The airline has successfully renegotiated contracts with all its other labor unions.
10 hours ago