AMR (American Airlines) files for Bankruptcy

[yitzyul]

http://money.cnn.com/2011/11/29/news/companies/american_airlines_bankruptcy/index.htm?hpt=hp_t1

[YudiG]

http://money.cnn.com/2011/11/29/news/companies/american_airlines_bankruptcy/index.htm?hpt=hp_t1

Uh - oh....are miles really safe?

[AsherO]

Uh - oh....are miles really safe?

+1

[Mocha]

For whatever it's worth:

"As for American and American Eagle, the move is unlikely to have an immediate effect on customers. The airlines' day-to-day operations are expected to continue as normal during the reorganization.

Similarly, miles earned in American Airlines' frequent-flier program also likely will be unaffected, based on past precedent from previous airline Chapter 11 filings."


Found here: http://travel.usatoday.com/flights/post/2011/11/american-airlines-files-for-bankruptcy-protection-/574366/1

[BAHayman]

Letter from AA

[Mocha]

Letter from AA

Repetitive paragraphs?? Did anyone proof read that before it was made public?? 

[Dan]

The miles won't go anywhere unless the entire airline goes under.
This is just about cutting union costs.

[elikay]

Anywhere we can propose cost cutting measures?  I think GB's position at DTW should be discontinued (I know, I know, its a revenue source blah blah).

[Flying Fish]

The miles won't go anywhere unless the entire airline goes under.
This is just about cutting union costs.

The miles won't go anywhere in quantity, but airline bankruptcy = significant capacity reduction = lower miles value

[moish]

The miles won't go anywhere in quantity, but airline bankruptcy = significant capacity reduction = lower miles value

what about partners

[Finckmyster]

Guys it's not the first airline's to file chapter 11

When Delta did in 2005 did anyone lose their miles?

Every Major American Airline in the past 10 Years Filed for Chapter 11

I think it is a good thing because they need new management

[eliteflyer]

Just wrapped up our Tuesday morning Bankruptcy class. AMR was subject of the day! Don't expect your miles to disappear anytime soon.

[Mocha]

Guys it's not the first airline's to file chapter 11

When Delta did in 2005 did anyone lose their miles?

Every Major American Airline in the past 10 Years Filed for Chapter 11

I think it is a good thing because they need new management

+1. Plus they have one of the cruddiest fleets in the US

[Dan]

http://www.dansdeals.com/archives/17809

[YudiG]

http://www.dansdeals.com/archives/17809

Thanks!

[Mordy788]

Uh - oh....are miles really safe?

AA Plans on sticking around. They are keeping their massive order of 460 new planes.

[momo]

never mind i see it was posted already



 

[BAHayman]

lol

[momo]

Nice!

[AJK]

Cha-ching. Shorting the stock a few weeks ago just paid the bills.