The parent company for American Airlines, the nation’s third largest carrier, filed for bankruptcy, citing high labor costs and a volatile economy.
American Airlines, the largest carrier at Los Angeles International Airport, and a carrier at Bob Hope Airport, sought to assure passengers that the filing would not affect their travel plans, saying all tickets, reservations and reward points would be honored.
“American Airlines remains open for business,” said Craig Kreeger, the airline’s vice president for customer experience. “It’s business as usual.”
Until it filed for Chapter 11 protection Tuesday, AMR Corp. represented the last major network carrier in the U.S. to avoid bankruptcy in the tumultuous decade since the Sept. 11, 2001, terrorist attacks.
-- Hugo Martin, Los Angeles Times