bankruptcy News

American Airlines Cancels All Flights For Hours

Oh poor American Airlines. It seems it just can’t seem to catch a break. The bankrupt air carrier was forced to cancel all its flights for hours today due to problems reaching its reservation system. In a tweet it initially blamed another reservation and booking tool, Sabre, for going offline. Though there was no press &hellip Continue reading »

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American Airlines Files For Bankruptcy

On 4 October we said that “American Airlines Bankruptcy Rumors Premature,” but apparently they were nonetheless correct. The company issued a press release on 29 November 2011 which said, “AMR Corporation (“the Company”), the parent company of American Airlines, Inc. (“American”) and AMR Eagle Holding Corporation (“American Eagle”), announced that in order to achieve a &hellip Continue reading »

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American Airlines Bankruptcy Rumors Premature

Airline employees and air travelers with tickets on American Airlines can seemingly breath a sigh of relief as the panic-driven crash of American Airlines (AA) parent company stock – that’s AMR folks – yesterday (3 October 2011) – seems to be an unwarranted and short term problem. We don’t normally report on airline finance and &hellip Continue reading »

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