Newsroom » Newsletters

American Airlines Files for Bankruptcy


November 30, 2011

  © Houston Airport System

AMR Corporation, the parent company of American Airlines and American Eagle, filed voluntary petitions for bankruptcy protection on November 29, 2011 in order to achieve a cost and debt structure that is industry competitive.

American Airlines currently has an average of 22 daily departures out of George Bush Intercontinental (IAH) and William P. Hobby (HOU) Airports to Dallas, Miami, Los Angeles and Chicago.

As of today, American Airlines and American Eagle are operating normal flight schedules at IAH and HOU. Their reservations, customer service, AAdvantage® program, Admirals Clubs and all other operations are conducting business as usual.

Likewise, throughout the Chapter 11 process, American and American Eagle expect to continue to:


• Provide safe and reliable service;
• Fly normal schedules;
• Honor tickets and reservations, and make exchanges and refunds as usual;
• Fully maintain AAdvantage® frequent flyer and other customer service programs, and ensure all
   AAdvantage®  miles and elites status earned by members remain secure and intact;
• Provide Admirals Club access and similar amenities to members and eligible customers;
• Remain an integral member of the oneworld® alliance and continue its codeshare partnerships;

"This was a difficult decision, but it is the necessary and right path for us to take - and take now - to become a more efficient, financially stronger, and competitive airline,” said Thomas W. Horton, Chairman, Chief Executive Officer and President of AMR and American Airlines. “Our Board decided that it was necessary to take this step now to restore the Company's profitability, operating flexibility, and financial strength. We are committed to working as quickly and efficiently as possible to appropriately restructure American so that it can emerge from Chapter 11 well-positioned to assure the Company's long term viability and its ability to compete effectively in the marketplace."

For more information about American Airlines Chapter 11 filing, please visit AA.com/restructuring.
Share |
C:3919089
| | |