Tuesday, July 10, 2012

Reuters: Bankruptcy News: AMR to evaluate merger options - CEO

Reuters: Bankruptcy News
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AMR to evaluate merger options - CEO
Jul 10th 2012, 20:45

July 10 | Tue Jul 10, 2012 4:45pm EDT

July 10 (Reuters) - AMR Corp, the parent of bankrupt American Airlines, plans to evaluate a range of strategic options, including potential mergers, Chief Executive Tom Horton told employees in a letter.

"We are approaching the point where we have greater clarity on our revenue outlook and cost structure and can begin to accelerate the plan for the new American," Horton wrote in the letter filed with the U.S. Securities and Exchange Commission.

AMR will reach out to interested parties, Horton said.

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