Tuesday, November 29, 2011

AA files for bankruptcy protection

Neelam Mathews
Nov 29, 2011

As it tries to cut costs and reduce the massive debt, American Airlines the third largest airline in the US, and its parent company has filed for bankruptcy protection. 

There will be no impact on travelers for now, the company says. “American expects to continue normal business operations throughout the reorganization process, and the business will continue to be operated by the Company’s management. The United States Chapter 11 reorganization process enables a company to maintain normal business operations while it establishes a competitive cost and debt structure. This action has no direct legal impact on any American Airlines operations outside the United States,” says the carrier. 

American Airlines is operating normal flight schedules, honoring tickets and reservations, and making normal refunds and exchanges. American’s frequent flyer program is not affected. American remains part of the oneworld alliance, of which it is a founding member, and all of its codeshare partnerships continue, enabling customers to earn and redeem miles on convenient flight options worldwide.

According to Wedbush Securities: “In the near term, we expect very little negative impact from the American Airlines (AA) bankruptcy filing. Remember, Boeing and Airbus also have the right to cancel these orders, which we view as equally unlikely. “

“While very early in the process, over time we expect American to significantly increase the amount of maintenance work it outsources to third party service providers like AAR ….Moreover, we believe that as part of a Chapter 11 process, and the increased focus on the company's cost structure, HEICO stands.”

American Airlines is operating normal flight schedules, honoring tickets and reservations, and making normal refunds and exchanges. American’s frequent flyer program is not affected. American remains part of the oneworld alliance, of which it is a founding member, and all of its codeshare partnerships continue, enabling customers to earn and redeem miles on convenient flight options worldwide.


  1. AA wants to cut costs? They ought to look at what is thrown away in the dumpsters like I see every day. The price they pay for repair parts is stupid. They could form a committee to evaluate what they pay for parts and negotiate prices with the suppliers. It is outrageous what they pay. They order parts and supplies without a care what it costs. I know because I see it every day. When it is brought to management’s attention they shrug it off and ignore what is right in front of them. They have buyers on the take from suppliers that drive up the prices. If you think this is bunk you ought to see it from a mechanics point of view. The upper management doesn't know what is going on in mid management and what deals are being made. Would you pay $100 for a six foot piece of string? AA does. Would you pay twice the price for a roll of tape that you can but at Home Depot? AA does. When brought to management’s attention the tell you to leave it alone. I could go on with these examples all day long. WAKE UP AMERICA(N).

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