American Airlines might have rescue in sight!

Potential buyers are circling American Airlines, weighing bids for its parent company that could place the storied but unprofitable carrier in the hands of a rival or a private-equity firm.

People familiar with the matter said Delta Air Lines Inc., US Airways Group Inc. and TPG Capital separately are studying bids for

AMR Corp., which two months ago became the last of the big "legacy" airline operators to file for bankruptcy-court protection after a

decade of industry consolidation.American, which traces its roots back more than eight decades, has been losing money since

2008. Shorn of its hefty costs, however, ...