Tuesday, 29 November 2011 19:02

American Airlines Files For Bankruptcy

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We hope you used up those frequent flier miles which are now a General Unsecured Claim on thee company and will likely result in an exchange rate of 1 million miles for one round trip flight...

  •     AMR CORP. FILES BANKRUPTCY IN NEW YORK              
  •     AMR, HOLDING COMPANY FOR AMERICAN AIRLINES, FILES CHAPTER 11
  •     AMR COPR. LISTS DEBTS OF $29.5 BILLION IN BANKRUPTCY FILING
  •     AMR HAS $4.1B IN CASH
  •     AMR TO START FURTHER TALKS WITH UNION TO CUT LABOR COSTS
  •     *AMR NAMES THOMAS HORTON CHAIRMAN, CEO; GERALD ARPEY TO RETIRE


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