AMR Corporation, the parent company of American Airlines and American Eagle, filed for Chapter 11 reorganization today. Their stated goal for this bankruptcy reorganization was to achieve industry competitiveness….or “All our competitors have been through Chapter 11, why shouldn’t we?” The corporation has $24.7 billion in assets and $29.6 billion in debt, as well...
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Life Has No Complimentary Baggage Allowance
Monthly Archives: November 2011
American Airlines Declares Bankruptcy
JetBlue Apologizes
Just yesterday, we commented briefly on JetBlue’s response to their 2007 Valentine’s Day meltdown. Today, JetBlue’s Chief Operating Officer took to the Youtubes to issue a public apology. As we said yesterday, everyone failed in this, not just the airlines. Blame should be apportioned evenly and fairly. JetBlue and American Airlines face millions in...
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