American Airlines Files for Bankruptcy

by Mike on November 29, 2011

in Economy

American Airlines declared bankruptcy today.  In the coming months, the company will undergo a reorganization in an attempt to reemerge as a profitable company.  During the process, all tickets will be honored and the airline will maintain a normal flight schedule.

Today’s filing is notable because American Airlines was not one of the airlines to file for bankruptcy in the aftermath of the September 11 attacks.  There are many reasons a company declares bankruptcy and there are undoubtedly some American Airlines-specific reasons for today’s filing.  But the fact that the airline weathered the post-September 11 economy but not today’s is certainly a bad sign.

Let’s hope the airline re-emerges stronger.  I’ve always good experiences with them.

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