American Air averts bankruptcy
Dallas: American Airlines averted an imminent bankruptcy filing for the third time in a month as its flight attendants agreed
on Friday to a concessions deal aimed at keeping the world's largest carrier out of Chapter 11. The decision from the Association of Professional Flight Attendants to accept a revised proposal from American parent AMR Corp. helped cap a turbulent few days at the carrier that included the resignation of Chief Executive Don Carty, appointment of a successor, and an earnings report that showed AMR lost over $1 billion in the first quarter.
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Iraqi official held
Qatar: US forces said on Sunday that they were holding General Hussam Mohammad Amin, a key figure in Iraq's negotiations with the UN inspectors hunting for banned weapons ahead of the US-led war.A US military source said he was captured at Ramadi, west of Baghdad. Amin was No 49 on a US list of the 55 most-wanted members of Saddam Hussein's administration and the six of clubs in a deck of cards issued to US troops hunting Iraqi leaders.
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US airline shareholders rebel against executives
New York: Shareholders on Friday lambasted Delta Air Lines Inc. and Northwest Airlines Corp. executives for greed and mismanagement at the carriers' annual meetings, with Delta shareholders approving accounting and severance proposals opposed by the carrier. Airlines have been under pressure from unions and Congress for the last month, as they post hefty losses and cut jobs, yet reward top management with compensation packages reaching into eight figures.
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