American Airlines files for bankruptcy [© EuroNews]

[onlythewise1]

to bad all the rich fly there own jets these are for the miiddle class which is shrinking

[boblaituri]

"If the playing field is level, American will win," he said in an interview Tuesday, a reference to the need to win concessions from labor groups and other creditors and create a sustainable cost base and capital structure after losing more than $10 billion since 2001.

[boblaituri]

Tom Horton Monday he prepared for his first day in charge of the world's third-largest airline.

Horton said.

Key will be efforts to repair relations with labor unions and employees, many of whom remain bitter at concessions granted to avoid a bankruptcy filing in 2003 and a subsequent furor over executive share options and bonuses.