Tuesday, November 29, 2011

American Airlines Files For Bankruptcy

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

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