American Airlines Files for Ch.11 Bankruptcy Protection

This has been expected for a while…From what I have read, most do not believe it should have any impact on passengers. I sure hope not as I have a ton of AAdvantage miles in my account and recently reached AA Gold.
I wrote about it One of My Mileage Goals Reached- AA Lifetime Status 


I just saw this article on the main page of Yahoo:


American Airlines files for Ch. 11 protection

APAP – 16 mins ago

FORT WORTH, Texas (AP) — The parent companies of American Airlines and its regional affiliate American Eagle are filing for Ch. 11 bankruptcy protection.
AMR Corp. and AMR Eagle Holding Corp. said Tuesday that they filed voluntary petitions to reorganize, saying it’s in the best interest of the companies and its shareholders.
American says it sought protection to reduce its costs and debt to remain competitive in the airline industry.
American was the only major U.S. airline that didn’t file for bankruptcy protection after the 2001 terrorist attacks.
American says labor-contract rules force it to spend at least $600 million more than other airlines.

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