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American Files for Chapter 11 Protection

American Files for Chapter 11 Protection

AMR Corporation, the parent company of American Airlines and American Eagle, and certain US-based subsidiaries (including American and American Eagle) yesterday filed voluntary petitions for Chapter 11 reorganisation in the US Bankruptcy Court for the Southern District of New York. American Airlines and American Eagle are flying normal schedules and conducting business as usual worldwide following the Chapter 11 filing.

AMR said: “We took this action in order to achieve a cost and debt structure that is industry competitive and thereby assure our long-term viability and ability to continue delivering a world-class travel experience for customers.

“American Airlines and American Eagle are operating normal flight schedules, and our reservations, customer service, AAdvantage programme, Admirals Clubs and all other operations are conducting business as usual. Likewise, throughout the Chapter 11 process, we will continue to:

  • Provide safe and reliable service;
  • Fly normal schedules;
  • Honour tickets and reservations, and make exchanges and refunds as usual;
  • Honour gift cards and vouchers as usual;
  • Fully maintain our AAdvantage frequent flyer and other customer service programmes, 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, of which American is a founding member, and continue our codeshare partnerships;
  • Provide employee wages, healthcare coverage, vacation, and other benefits, without interruption;
  • Pay suppliers for goods and services received during the reorganisation process.

“These filings have no direct legal impact on American’s operations outside the United States.

“American is committed to continuing to provide our customers with the excellent service and safe, reliable travel experience they expect from us.”

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NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

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