U.S. says American Airlines underpaid on pensions
By Associated Press Published: 1/19/2012 5:07 PM
DALLAS — American Airlines contributed only $6.5 million of the $100 million that it was supposed to pay into employee pension plans this week. The underpayment raised tensions between the company, which filed for bankruptcy protection in November, and federal pension-protection officials. "This is a disturbing development, as the airline has more than $4 billion in cash," said J. Jioni Read more...
