On Wednesday, United and AMR Corporation, parent of American Airlines, each announced 20, 000 cuts.

CNN: Airlines reeling, laying off thousands

For American, it was one more step in the right direction after its parent company, AMR Corporation, filed for bankruptcy protection in November 2011.

FORBES: Big Deal: Reflections on the American and US Airways Megamerger

Boeing made significant sales projections last week amid speculation that AMR Corporation, the parent company of American Airlines, may be facing bankruptcy and restructuring.

FORBES: Boeing Flies To $91 Selling Fuel Efficient Jets

In alphabetical order, the winners are: Air France-KLM, AMR Corporation (American Airlines, American Eagles), British Airways, Continental Airlines, Delta Air Lines, Japan Airlines, Lufthansa, Southwest Airlines, United Airlines and US Airways.

BBC: A record year in airline safety

American Airlines, owned by parent AMR Corporation, has picked up an antitrust battle against Sabre Holdings, a global distribution system that provides flight data to third-party ticket agents and websites, saying its business practices are anti-competitive and not in the interest of the consumer.

FORBES: American Airlines Renews Antitrust Battle; Down 3% After Hours