AMR Corp's Chief Executive Says Merger Decision For American Airlines May Be Weeks Away- Reuters

Reuters reported that AMR Corp the bankrupt parent of American Airlines, is in the middle of reviewing strategic options that include a merger and will likely make a decision with weeks. The U.S. carrier has begun to review strategic alternatives, including a merger with US Airways Group Inc to determine whether merging with a rival will generate more in recoveries for American's creditors than going it alone. AMR had sent a non-disclosure agreement to US Airways for its review of a possible merger and that it had also dispatched similar agreements to other potential merger parties. AMR filed for bankruptcy in November 2011, citing untenable labor costs. It won court approval last month to extend through December 28 its exclusive right to present a plan to emerge from bankruptcy. The AMR CEO was clear that after any merger, it's airline would remain part of oneworld, the airline code-sharing alliance centered on International Airlines Group, the parent of British Airways. US Airways is a member of Star Alliance, led by United Airlines and Deutsche Lufthansa AG.