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Judge denies $20M severance deal for AMR CEO

American Airlines CEO Tom Horton - AP

A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005.

 

Airlines report record lows for mishandled bags

Airlines

It seems the airlines are doing something right. U.S. air carriers posted all-time lows for the number of mishandled bags and bumped passengers in 2011, according to reports released Tuesday.

 

Delta Cruises Toward Profitability

The air carrier posts a slimmer loss this quarter and projects a profitable April through June period.

 

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