AMR (AMR)

The Allied Pilots Association (APA), certified collective bargaining agent for the 11,500 pilots of American Airlines (NYSE: AMR), voiced its support for H.R.4788, the "Aviation Jobs Outsourcing Prevention Act", according to TradingMarkets.com. Introduced earlier this month by U.S. Rep. Timothy Bishop (D-NY), the bill would establish job protections for U.S. workers by placing limits on alliances between two or more airlines, or between a domestic carrier and a foreign carrier.
The bill's language stipulates that the U.S. Department of Transportation could "end approval of any agreement, request or modification that provides for or permits the sharing or pooling of revenue or profits between participating carriers."

Mar 26 · 12:22:00 PM · Source: TradingMarkets.com
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by Steve Wieczorek