AMR CEO says it's time to weigh merger options
DALLAS (AP) -- The head of American Airlines says that seven months into a bankruptcy reorganization it's time to consider options including a merger with another airline. American and AMR Corp. CEO Thomas Horton said Tuesday that options including a merger "could make the new American even stronger." US Airways has been pushing hard for a merger with American almost since the day that American and AMR filed for bankruptcy protection in November. Horton has taken a slower approach, saying he preferred to wait until after AMR emerges from bankruptcy protection before considering a merger. But Horton says that due to improvements in revenue and progress on cost-cutting labor deals, it now makes sense to consider options such as a merger. He says AMR and its creditors will reach out to "interested parties."
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