Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

American Airlines files for Chapter 11 bankruptcy protection

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Dominic Rushe
London Guardian
Tuesday, November 29, 2011

American Airlines, the world’s fourth largest airline, has filed for Chapter 11 bankruptcy protection.

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.

AMR, the airline’s parent company, said American Airlines, American Eagle and all its other subsidiaries would honour all tickets and reservations and operate normal flight schedules during the bankruptcy filing process.

AA has long been touted as the US airline most likely to go bankrupt as it struggles with high labour costs and weak cash flow. Last month the company reported a third-quarter loss of $162m (£105m), blaming higher fuel costs and unfavourable foreign exchange rates.

Full story here.

This article was posted: Tuesday, November 29, 2011 at 9:16 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Eminem is a Complete Idiot See the rest on the Alex Jones YouTube channel.

Actor Fired For Being a Conservative See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/3jFJTZkMc40 https://www.youtube.com/embed/FtUOoho8BEA

© 2017 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.