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Thread: American Airlines - possible bankruptcy

  1. #1
    Para aquí para acá Jonh's Avatar
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    Default American Airlines - possible bankruptcy

    The carrier had a second-quarter net loss of $286 million, while rivals showed profits. "If it appears we're coming into somewhat of a rough patch or slowdown, how is that going to fare for them?" Alukos said. "I don't think very well, because they were unable to generate a profit kind of in the best of times for the airlines last year."

    American is the only major carrier that did not restructure in Chapter 11 during the recent industry downturn. As a result the airline has operating costs -- including labor -- that are higher than competitors.

    Meanwhile, experts warn that an economic downturn could hit travel demand just as airlines are beginning to recover.


    http://www.reuters.com/article/2011/...79249920111003

  2. #2
    Active TRN Member marnica's Avatar
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    Default Re: American Airlines - possible bankruptcy

    They are not the only ones. I have news of late that says the last down turn / recovery or the melt down that has not recovered at all in the last 3-4 years is nothing compared to what awaits in the not so far off future. I´m going to miss electricity and clean water but what the hay, kinda getting used to doing without a lot of things like that now.
    Here in the real world they're shutting Detroit down.

  3. #3
    Para aquí para acá Jonh's Avatar
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    Default Re: American Airlines - possible bankruptcy

    Some other U.S. airlines are making a profit, but how long that will last is anyone's guess.

  4. #4

    Default Re: American Airlines - possible bankruptcy

    Not good news. They are my preferred carrier when Nica bound.

  5. #5
    House SOB Little Corn Tom's Avatar
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    Default Re: American Airlines - possible bankruptcy

    AA is about the only carrier that has not filed for bankruptcy in the near past. They still have that option to bring the wages into line.
    Life's different here ... It's a whole 'nother pace.

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