American Airlines exec testifies at bankruptcy hearing



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Posted on April 24, 2012 at 6:13 PM

Updated Friday, Nov 1 at 8:22 PM

NEW YORK — Tuesday was a quieter day in front of the federal courthouse in New York where the future course of American Airlines will be decided.

There were no protests outside, while inside, the bankruptcy court got down to brass tacks.

Taking the stand this Tuesday was Beverly Goulet, the carrier's chief restructuring officer, and one of three American Airlines executives called to testify.

She outlined the airline's business plan, explaining why the company feels labor unions must concede $1.25 billion in cuts for American to survive and climb out of bankruptcy.

During cross-examination, Goulet told the unions, "I think there are advantages to larger networks," such as the airlines created by the mergers of United and Continental and Delta and Northwest.

But Goulet would not concede that American must merge to grow.

We also learned more information about American's last-best offer to Transport Workers Union workers that is supposed to save almost 3,000 jobs. Details coming up on News 8 at 10.