Computer rendering of A320neo in American Airlines livery. Photo: Courtesy, Airbus. American Airlines (AA) chairman, president and CEO Tom Horton outlined the bankrupt carrier's plan for emerging from Chapter 11 protection in a Wednesday letter to company employees, calling for $1.25 billion in annual labor cost cuts. The labor expense reductions, which would likely cut about 13,000-15,000 employees from AA's roster of around 80,000 workers, will cover more than half of the ...

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