American's CEO says airline turnaround nearly done - FOX 8 WVUE New Orleans News, Weather, Sports

American's CEO says airline turnaround nearly done

Updated:
Associated Press Associated Press

DALLAS (AP) - The CEO of American Airlines says the company has nearly finished a bankruptcy turnaround and the only big decision left is whether to remain independent or merge with US Airways.

US Airways has been pushing for a merger that would put its executives in charge. But American CEO Thomas Horton says that a deal could happen after his airline emerges from bankruptcy. That raises the possibility that American could buy US Airways.

Horton also says that provisions approved by pilots last week will help American regain passengers that it has lost to Delta Air Lines and others in New York and Los Angeles and become "a powerhouse."

Horton made the comments in an interview with The Associated Press.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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