American Airlines Files for Bankruptcy – This Can’t Be Good for Us
ecthompsonmd
November 30, 2011
Yesterday, as I was driving home from work, I heard that American Airlines is filing for bankruptcy. American Airlines. Depending upon how you measure, American Airlines is one of the biggest, if not the biggest, airline in the country. American Airlines, along with Southwest Airlines, weathered the 9/11 downturn fairly well. So what happened? In their court filings, American Airlines has $24.7 billion in assets and $29.6 billion in debt. So how did this happen? What is the problem? It’s the planes – American’s mainline jet fleet of 619 planes includes 247 twin-engine MD-80s made by McDonnell Douglas Corp., according to
