By Daniel Hunter

American Airlines (AA) parent company have confirmed they will cut 15% of their workforce, meaning 13,000 jobs will go.

AMR, AA's parent company, are looking to cut costs by 20% as they look to reduce spending by over $2 billion.

"We are going to use the restructuring process to make the necessary changes to meet our challenges head-on and capitalise fully on the solid foundation we've put in place," AMR's chief executive, Thomas W Horton said in a letter to employees.

AMR, which filed for bankruptcy protection in November, also wants to make changes to its staff pensions.

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