News that AMR Corp. plans to cut 5,000 jobs and idle more planes by yearend 1994 had no effect on the company's bonds yesterday, traders said.

The company's chairman, Robert L. Crandall, told a group of airline analysts in New York that AMR, American Airline's parent, must tame labor costs to compete in "low-cost, low-price world."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.