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American Airlines reaches deal with pilots
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merican Airlines on Friday announced that it had reached a new labor contract with the airline's pilots, setting the stage for the company to emerge from bankruptcy. It's widely believed that American Airlines will pursue a merger with US Airways as soon as it has put bankruptcy behind it, part of a years-long trend toward consolidation in the airline industry. American Airlines has already confirmed that it has shared private financial information with US Airways, as both sides explore the possibility of a merger.

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