American really wants to be in a better position so that they can either completely ignore US Airways or come to the table without looking so desperate.
Source: Fort Worth Star-Telegram
Author: Andrea Ahles
American Airlines’ parent company, AMR Corp., announced on Friday that it wants an additional three months to file its reorganization plan with the bankruptcy court.
The carrier and the committee of unsecured creditors have agreed to request the extension, giving AMR until December 27 to file its plan. Currently, AMR’s deadline is September 28.
Any extension of the exclusivity period would likely delay a bid by US Airways, who has publicly said it wants to merge with AMR while the Fort Worth-based carrier is in bankruptcy.
US Airways declined to comment on the extension request.
Subscribe to Skift Pro
Subscribe to Skift Pro to get unlimited access to stories like these ($30/month)Subscribe Now
JetBlue-American Partnership Draws Scrutiny of U.S. Senator Over Airfares
An increase in airfares could contribute to reducing airline passenger numbers. That would be another blow for an industry still suffering from damage caused by Covid variants.
Diane Bartz and David Shepardson, Reuters | 5 days ago
Google’s Ticketing for Attractions Off to Rough Start
Google's attractions ticket beta has been among its least elegant in travel to date. This has angered many tour operators because it couldn't have come at a more inopportune time.
Dennis Schaal, Skift | 1 week ago