Air Transport World

Pension bug bites US airlines. (News Briefs).(Brief Article)

US airlines, hit by the stock marker collapse and their own cash flow problems, face huge pension fund obligations that will result in special charges this quarter. AMR Corp., parent of American Airlines, may have to record a charge to stockholders' equity that will "likely exceed $1 billion" as of Dec. 31. United Airlines believes it will be required to record a noncash charge to equity "in excess" of $1. …

Log in to your account to read this article – and millions more.