American Airlines Declares Bankruptcy
[caption id="" align="alignright" width="116" caption="Image via Wikipedia"][/caption] 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…