American Airlines seeks profitability via bankruptcy
Posted 30/11/2011
Citing an "untenable" cost disadvantage compared to its primary competitors, American Airlines (AA) parent AMR Corp. filed for Chapter 11 bankruptcy protection in a New York court Tuesday and announced the resignation of chairman and CEO Gerard Arpey.
Originally published 29 Nov 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/LvFYdJ9Mkl4/american-airlines-seeks-profitability-bankruptcy-1129
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