Financial adviser: American Airlines will consider merger

AA bankruptcy

Credit: WFAA

Financial adviser: American Airlines will consider merger

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WFAA

Posted on April 25, 2012 at 9:41 PM

Updated Wednesday, Apr 25 at 9:42 PM

NEW YORK — We're heading into Day 4 of the AMR Corp. bankruptcy hearing in New York.

On Wednesday, a top financial adviser testified that he thinks the parent company of American Airlines will consider a merger as part of its reorganization plan. But David Resnick said the company should form a standalone restructuring proposal.

The president of US Airways also said Wednesday that merging with AMR would save more than a billion dollars a year and add revenue to the proposed combination.

The bankruptcy hearing continues through Friday.

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