Q The Plane Rules Q
November 29, 2011
Media Note
American Airlines files for protection under Chapter 11 of the bankruptcy code
The gory details? …. There really aren’t any!
American Airlines is NOT bankrupt.
American Airlines is NOT going out of business.
American Airlines is NOT going to cancel your flight.
You are NOT going to lose your frequent flyer miles.
NO change to your Christmas-News Years reservations and tickets.
NO change to your winter vacation travel.
The future?
The sun will rise on those silver birds tomorrow…
… and for thousands of tomorrows to come.
For years, (22 years longer than Continental, 9 years longer than United and US Airways, and 6 years longer than Delta) American has operated at a financial disadvantage from their major competitors who had lowered their lease payments, labor costs and debt through previous Chapter 11 reorganizations.
American’s major competitors …
Continental Airlines Chapter 11 1983
Continental Airlines Chapter 11 1990 (yes again)
United Airlines Chapter 11 2002
US Airways Chapter 11 2002
Delta Air Lines Chapter 11 2005
Northwest Airlines Chapter 11 2005
American Airlines Chapter 11 Today – 2011
Would I buy tickets to fly on American Airlines next summer?
Yes!
…and you can too!
Terry L. Trippler
1314 Marquette Avenue #3402
Minneapolis, MN 55403
612-339-0940
The biggest mistake you will ever make - is being afraid to make one.
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