Chicago's Regional Transit Authority accuses American Airlines (AAMRQ.PK) and United Continental...

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

Chicago's Regional Transit Authority accuses American Airlines (AAMRQ.PK) and United Continental (UAL) of running a sham in order to avoid paying taxes. The RTA thinks it's owed over $300M from the airline companies after they opened small part-time offices in Sycamore, Illinois to avoid falling under the tax jurisdiction of Chicago.