American Airlines bankrupt, flights continue

But for passengers, flights and air miles continue as normal

Around 240,000 passengers fly American Airlines every day. For them, however, the airline filing for bankruptcy will likely have little impact and the stricken carrier continues to operate flights, honour tickets and make reservations as normal. Chapter 11 bankruptcy proceedings are, of course, nothing new in US aviation, with Delta, United, Continental and US Airways all having experienced it in recent years. In each of these cases, aircraft continued to fly and frequent flier schemes continued to operate.
The bankruptcy is designed to restructure the airline’s heavy debts and alleviate its labour costs. However, there is a possibility that, if restructuring fails, American Airlines could eventually be liquidated and stop flying.
AP

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