It appears that American Airlines (AAMRQ.PK) and its pilots union have finally agreed in...

|About: American Airlines Group (AAL)|By:, SA News Editor

It appears that American Airlines (AAMRQ.PK) and its pilots union have finally agreed in principle on a new contract. The pilots' union confirmed the new deal, which could pave the way for the troubled airline to emerge from bankruptcy. After filing for Chapter 11 bankruptcy protection nearly a year ago, the company has since forged deals with all its employee unions except its 7,500 pilots.