Articles tagged “bankruptcy”

The existence of the deal, previously unreported, should reassure anyone about the travel tech company's near-term stability.

The shakeout in European aviation many have predicted looks like it is happening in 2019.

Germania certainly won't be the last European airline to go under this year. 2019 looks like being as challenging as 2018 – even with fuel at a much more favorable price.

It's a matter of probability that some companies will face cash crunches. It appears HotelQuickly has. But global travel search companies need to detect problems sooner. They must quickly put a pause on referring consumers to troubled companies before too many victims pile up.

Don't expect American Airlines to exit bankruptcy anytime soon. Emerging from bankruptcy without the merger issue resolved isn't an option.

Despite the objections of many, Horton may still get his $20 million severance while retirees see their benefits slashed or eliminated.

How American and US Air will ultimately decide on Horton's severance package is the only outstanding issue from the bankruptcy proceedings.

The details of American Airlines' reorganization plan and the fate of CEO Tom Horton's $19.5 million golden parachute should become clear over the next few days.

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.