The details of American Airlines' reorganization plan and the fate of CEO Tom Horton's $19.5 million golden parachute should become clear over the next few days.
US Airways Group Inc., whose CEO will run the combined company, said in a message to employees that American was expected to file its reorganization plan later Monday in federal bankruptcy court in New York. American confirmed the report.
Subscribe to Skift Pro
Subscribe to Skift Pro to get unlimited access to stories like these ($30/month)Subscribe Now