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US Airways Gains 16% on Report Labor Backs its AMR Merger Effort

In a message to employees discussing the first-quarter results, AMR CEO Tom Horton wrote, "there continues to be much takeover speculation in the press, fueled by those who seek to serve their own agendas, including the circulation of misleading information.

"Naturally, there are many who do not want American to succeed," Horton said. "I believe the best way for us to achieve the best outcome for our company, our people and our stakeholders is to proceed quickly with our restructuring to create a successful, growing and profitable company."

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

>To follow the writer on Twitter, go to http://twitter.com/tedreednc.
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