American Airlines continues to negotiate with its labour groups, seeking $1.8 billion in concessions, amid growing speculation that it is close to filing for Chapter 11 bankruptcy protection. The Oneworld alliance member admits it is haemorrhaging $5 million a day and says "time is of the essence" to reach giveback deals with its unions. The Transport Workers Union, which represents American's mechanics and other ground workers, says the carrier's proposals amount to "laundry lists" of requests that go beyond what is required for the carrier to avoid bankruptcy.

Source: Flight International