American Airlines Group Inc has filed a lawsuit against two unions representing ...
CHICAGO - American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel.
“American estimates that, for each day that the slowdown continues into the summer, it will disrupt the travel plans of approximately 3,400 additional passengers per day,” the airline said in the filing. Shares of American closed 2.5 percent lower at $30.96 on Monday after Morgan Stanley warned of higher labor costs and downgraded the stock to “equal-weight.”
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