Articles tagged “bankruptcy”

If its creditors have any say in the matter, American's years of dirty dealing with its unions is going to end up forcing it to sell to an airline that's charmed its labor groups. Insert something about karma here.

Matter of course for such large bankruptcies, but will help AA get on a stronger footing to negotiate its eventual possible merger with US Airways.

Major airlines have cut regional routes as mergers reduce competition and the lines choose to phase out inefficient 50-seater jets. But shutting down smaller carriers means fewer airports for small town USA.

The UK company ceased trading today and advised customers with hotel bookings that they’ll have to rebook, although travelers with airline tickets should still be able to travel.

The FAA is filing the largest combined penalty ever to be brought against an airline, but the claim may have more to do with the federal agency ensuring they are paid during AMR's restructuring than the implied safety breaches.

American Airlines has one of the world's most toxic management-labor relationships; one that can't be solved by bankruptcy restructuring or other window dressing.

Since filing Chapter 11, American has been posting its monthly revenue numbers to show off the success of its new strategy and convince banks and backer that it may be able to pull this off on its own.