American Airlines Files For Chapter 11 Bankruptcy Protection

[B77W-QOTS]

http://www.theaustralian.com.au/busines ... 6209784225

[Sickbag]

Gobble gobble...

[ZeroAltitude]

Ever since General Motors went into bankrupcy and emerged again, all within a matter of 15 minutes, I'm not impressed with this kind of news any more.

[Not_Karl]

I blame the American...

[3WE]

In the meantime, Southwest continues to make huge profits, fly safely, operate perfectly, exceed customer expectations, arrive on time, and continues on their plan for world Airline domination and continues to offer free peanuts and baggage

[Ancient Mariner]

In the meantime, Southwest continues to make huge profits, fly safely, operate perfectly, exceed customer expectations, arrive on time, and continues on their plan for world Airline domination and continues to offer free peanuts and baggage

They give me free baggage?
Must try them next, no more packing.......ever.
Per

[3WE]

In the meantime, Southwest continues to make huge profits, fly safely, operate perfectly, exceed customer expectations, arrive on time, and continues on their plan for world Airline domination and continues to offer free peanuts and baggage

They give me free baggage?
Must try them next, no more packing.......ever.
Per

Alex (and those that may mock him) can put some heavy positive spin on WN topics, you know.

[J]

Here is a discussion of fleet plans:

Excerpt:
* * *

American's notes maturing in May 2021 and backed by 32 out- of-production jets traded at 51.5 cents on the dollar yesterday, while bonds due in July 2019 and secured by newer Boeing Co. aircraft traded at 103.5 cents. The McDonnell Douglas-83 jets tied to the 2021 notes were delivered beginning in 1997 and have "no value," said CreditSights Inc. analyst Roger King.

* * *
American may cut 10 to 15 Boeing 757s and 767s from its fleet, with the carrier's MD-80s also "clearly at risk," Mark Streeter, a debt analyst at JPMorgan Chase & Co., wrote in a note to clients yesterday. Unloading older jets should help AMR shrink its fuel bill, which rose 33 percent to $6.3 billion in 2011's first nine months from a year earlier. American began taking deliveries in 2009 on an order of 137 Boeing 737-800s that are about one-third more fuel efficient than the MD-80s being replaced.


http://www.sfgate.com/cgi-bin/article.c ... z1fIasIb00