Articles tagged “bankruptcy”

Airlines

American Airlines retirees’ poignant letters to court on their benefits post-merger

Rafat Ali, Skift | 11 years ago

Airlines

The only parachutes on U.S. airlines are golden: Big exit packages at the top

It is difficult to stomach giving $20 million to a CEO of an airline in bankruptcy, a company that resisted a merger and has been bleeding losses over the last few years.

Dennis Schaal, Skift | 11 years ago

Airlines

Judge signals support for American-US Air merger, but doubts Horton package

The merging airlines have argued that Horton's package shouldn't be considered in the bankruptcy hearing since he'll be paid after the exit and once the consummation is complete. While it violates the spirit of the law, the judge will ultimately decide if the letter is violated, too.

David McLaughlin, Bloomberg | 11 years ago

Airlines

American Airlines bankruptcy trustee challenges outgoing CEO’s severance

Horton's generous package was one of the biggest deal points during negotiations and the judge's move, if upheld, could put parts of the deal in jeopardy.

Jim Fuquay, Fort Worth Star-Telegram | 11 years ago

Airlines

The new American Airlines: Bankruptcy judge to consider merger in March hearing

Horton's package will result in some comment from the judge, but it's recognized it's a small amount to pay compared to the chunk of change he would have received if American would have exited bankruptcy independently.

Andrea Ahles, Fort Worth Star-Telegram | 11 years ago

Tourism

There goes Atlantic City’s reinvention plans: Revel to file for bankruptcy

Atlantic City can't get a break from its sordid past, and current woes. Revel was way too ambitious, tried to do too much, too soon.

Wayne Parry, Associated Press | 11 years ago

Hotels

Lodgenet files for bankruptcy, along with $60 million funding & new DirecTV deal

Will the new funding, new owners and lower capital cost structure save LodgeNet? For now, but bigger picture writing's on the wall, as consumers increasingly use their own devices in hotels.

Dawn McCarty, Steven Church & Niamh Ring, Bloomberg | 11 years ago

Airlines

US Airways wooed American Airlines earlier than previously disclosed

In love and mergers, sometimes it is wiser to play hard to get. At any rate, this romance will soon move to a new level, or be shattered like a broken heart.

Skift | 11 years ago

Airlines

American Airlines asks for 3-week extension to file its restructuring plan

AMR Corp.'s request to extend its restructuring-plan to April 1 makes it appear as if a merger with US Airways is being seriously considered, and would be no April Fool's joke.

David McLaughlin, Bloomberg | 11 years ago

Airlines

Pinnacle Airlines makes reorganization progress but loses $10 million in November

Pinnacle Airlines may emerge from bankruptcy early in 2013 now that it is making progress in its labor relations.

Skift | 11 years ago