Company: UAL Corporation

Allegiant Air will charge passengers $35 to carry their own bag on board the plane and stow it in an overhead bin.

AMR, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.

The bankrupt parent of American Airlines on Wednesday was set to issue the labor cost savings target it hopes to reach while it restructures, a company spokesman said.