American Airlines parent AMR Corp. (AAMRQ) began a process to review merger offers yesterday by sending potential suitor US Airways Group Inc. an agreement to allow an exchange of confidential financial information.
DALLAS — Continental Airlines Inc. will cut 3,000 jobs and
shrink its jet fleet by 18 percent, becoming the fourth major U.S.
carrier to slash payrolls and flights as soaring fuel prices push
the industry to its worst losses since Sept. 11.