Tuesday, 29 November 2011

American Airlines files for bankrupcty

More news to come, but for the moment, the information from CNN:

NEW YORK (CNNMoney) -- American Airlines' parent company, AMR Corp., announced Tuesday that it has filed for chapter 11 bankruptcy.
The decision comes as the airline tries to "achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers," the company said in a statement Tuesday.
AMR (AMRFortune 500) said American Airlines, American Eagle and all other subsidiaries will honor all tickets and reservations and operate normal flight schedules during the bankruptcy filing process, using its $4.1 billion in cash.  To top of page

No comments:

Post a Comment

Really welcome to share your thoughts! Any commercial comment will be deleted in less than 24 hours.