American Airlines and American Eagle employees protest Monday in New York City against American's plans to cut jobs and labor costs while under bankruptcy court protection. American is seeking permission to break up union contracts and cut expenses, but the unions oppose those plans and support a potential takeover bid by US Airways.
With US Airways breathing down its neck, making nice with its unions as well as its creditors, American Airlines came to New York City on Monday to ask a federal bankruptcy judge for relief. Mostly, American wants relief from its unions — 13,000 jobs would be eliminated under its reorganization proposal. American has been hemorrhaging money for years and wants to lower its costs to compete.