Wild About Travel - AA Bankruptcy Restructure- What does it mean?

Discussion in 'Blogstand' started by BoardingArea, Nov 30, 2011.  |  Print Topic

  1. BoardingArea

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    As I suggested on October 4, American Airlines has filed for Chapter 11 bankruptcy. In its petition filed in New York, AMR reported assets of $24.72 billion and liabilities of $29.55 billion. The company has $4.1 billion in cash. They have lost about 50 billion dollars in the last decade. The...
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