Bankruptcy for American Airlines Parent Company
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Published on Nov 29, 2011 by AssociatedPress
The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago. (Nov. 29)
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This is the markets solution to poor management and greedy executives. No company should be bailed out ever, regardless of how large it is. under free markets the good well managed succeed and most importantly the bad fail and make way for well managed smaller companies to provide what customers want. It is all very simple until you have government meddling in business.
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Does anyone know if the Japan Tourism Agency will be using this airline on the free trip to Japan? I found out United was cheaper but do you know?
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didnt watch the last 10 seconds, ok,
SO AA didn't file for protection, while every other Airline did?? They tough luck for YOU, not the tax payer.
Wasn't it AA who got the planes HIJACKED? So why didn't they file for protection???? HMMMM #insidejob
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WOW, 10 YEARS AGO THEY GOT A BAILOUT!! NOW BANKRUPT AGAIN??
AGAIN!!?????
FUCK THESE CLOWNS!! (google "airline bailout 2001")
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@thattomahawkguy transfer of wealth
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I found out why/how this happened to American Airlines today. Rush Limbaugh explained on his radio show that this is all the Dems and Obama's fault. I was quite surprised to hear that but if Rush said it, it must be true! Rush explained that Dems hate themselves & they hate America. I continued listening & Rush seemed to blame everything on Obama & Dems. He then talked about how honorable & honest 100% of the Republicans are. Pretty God damned strange IMHO.
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@thattomahawkguy these airlines have a lot of fuel costs and deal with a lot of red tape and pay a lot of taxes.
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CEO will get millions in bonus and a golden parachute for running the company into the ground.
JogBird 2 months ago 6
r you kidding me how can an airline go bankrupt pilotss make less then a manger at taco bell?
thattomahawkguy 2 months ago 5