AMR Bankruptcy Update for February 6, 2012

The TWU Negotiating Committee met today to continue the arduous task of reviewing the company’s business plan proposals. This is the next step in the 1113 process.

After a short presentation by AMR, regarding Active/Retiree medical benefits, the Negotiating Committee began drafting specific questions for the company, based on their projected cost savings per the 1113 term sheets received last Wednesday.

A fully fledged costing out of AMRs business plan outlined in the term sheets is under way. The committee is leaving nothing to chance and will ensure that everything “asked” for by the company is evaluated to its fullest, and reviewed by our legal and financial advisors before considering our counter proposals.

This week’s schedule is very busy; we will keep you posted as we progress through this phase of the 1113 process. An informational “town hall” call-in is the works, details to follow.