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"It's what we believe the workforce wanted," says AMR's Hicks.
AMR's financial health has been eroding for years.
AMR's stock fell 50 cents a share yesterday, to $59.375.
Leaders of the flight attendants' union had urged members to accept AMR's offer.
One of AMR's chief goals in bankruptcy will be to lower its labor costs.
We wrote about this a month ago, when AMR's board met to examine US Airways' proposal.
Mr. Horton said in an interview that AMR's board did not want to wait.
AMR's loss in the April-through-June quarter amounted to 3 cents a share.
Amr's mother, Myasaa Abdel Hamid, is four months' pregnant and bone tired.
AMR's stock closed yesterday at $3.80 a share, up 37 cents.
But Brian Foley, an executive pay consultant, said that AMR's board would have to be careful.
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