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American Airlines files for bankruptcy protection

submitted on November 29, 2011 by laaya in "Stores / Merchants"

American Airlines filed for bankruptcy protection looking for relief from crushing debt caused by high fuel prices and expensive labor contracts Sad

Read more: http://finance.yahoo.com/news/.....19018.html
     

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  • 133117
    HouTex
    admin
    Posted by HouTex on November 29, 2011
    [reply] 1 0
    According to Reuters, http://www.reuters.com/article.....T220111129
    The airline said it and its regional affiliate American Eagle would continue to operate as usual, fly their normal schedules, honor reservations and make exchanges and refunds.


    And the Washington Post http://www.washingtonpost.com/....._local_pop reports that
    The airline said that operations would continue, that all flights would depart on schedule and that frequent-flier miles would be honored.
  • 133190
    Robert
    guest
    Posted by Robert on November 30, 2011 [reply] 0 0
    Like they said on TV last night, American Airlines has 4 BILLION in cash! They are just filing bankruptcy so they can stop paying the pension costs. The federal pension fund guarantee corp. will get stuck paying the pensions now. Corporate welfare gone wild. Thats all we need is to add to the debts the US already owes.

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