American Airlines to explore merger options

(Reuters) - AMR Corp, parent of American Airlines, bowed to pressure on Friday from its unsecured creditors, including its largest labor unions, and said it would explore merger options while it is still in bankruptcy.

By AnalytixInsight:We provide fundamental analysis as well as assessments of corporate actions and dividend and earnings quality reports on over 40,000 globally traded equities. We used our online platform to explore if Alaska Air Group Inc. (ALK) and American Airlines (AAMRQ.PK) could tie the knot.

NEW YORK (

(NEW YORK) — American Airlines won bankruptcy court approval Wednesday to combine with US Airways and form the world’s biggest airline. “The merger is an excellent result. I don’t think anybody disputes that,” Judge Sean H. Lane said before issuing his decision. (MORE: The Battle for the Future of American Airlines) But the judge declined to sign off on a proposed $20 million severance package for Tom Horton, currently the CEO of American’s parent AMR Corp.