Today I received an e-mail from Citibank regarding the AA Chapter 11 reorganization:
Dear Michael W,
On Tuesday, November 29th, 2011, American Airlines filed for reorganization under Chapter 11. Throughout the process, American Airlines has expressed its commitment to meeting its customers’ travel needs. As a valued
Citi® / AAdvantage® customer, we appreciate your continued loyalty and would like to share some additional information with you about your credit card:
There is no impact to your Citi® / AAdvantage® credit card account and American has given its assurance that your American Airlines AAdvantage® miles are secure.
You will continue to earn American Airlines AAdvantage® miles for your purchases on your
Citi® / AAdvantage® card without disruption.
You will be able to redeem AAdvantage® miles for the same great flight awards, upgrades, car rentals and hotels and more, subject to usual policies.
Citi is committed to our longstanding relationship with American Airlines and to continually improving our products to provide exceptional value and experiences to our customers. We would like to thank you for your continued business and loyalty and look forward to serving you throughout this holiday season and in the future.
Should you have any questions regarding American’s reorganization process, please visit www.AA.com/restructuring.
Executive Vice President
Citigroup North American Cards
It is reassuring to hear from Citi regarding the current state of American Airlines. I am glad they looked into what would happen with AAdvantage & were told that all miles were secure.
I am hoping AA will sell billions of more miles to Citi to offer for even more lucrative credit card signups in the future!