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Santo Domingo.- Several U.S. media are reporting Tuesday morning that the parent company of American Airlines and regional affiliate American Eagle is filing for Chapter 11 bankruptcy protection.

In breaking news, USA Today, Bloomberg News, and The Associated Press report that related to the move, Gerard Arpey has "retired" as the company's CEO and will be replace by Tom Horton, who previously served as president of AMR and American.

Bloomberg News writes that AMR Corp. "filed for bankruptcy (this morning) after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world's largest airline to No. 3 in the U.S. With the filing, American became the final large U.S. full- fare airline to seek court protection from creditors."

“All of the United States' other traditional hub-and-spoke "legacy" carriers have now filed for bankruptcy protection at least once in their histories,” reports USA Today.

As for American and American Eagle, the move is unlikely to have an immediate effect on customers. The airlines' day-to-day operations are expected to continue as normal during the reorganization.

Similarly, miles earned in American Airlines' frequent-flier program also likely will be unaffected, based on past precedent from previous airline Chapter 11 filings.

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COMMENTS
9 comment(s)
Written by: Slick, 29 Nov 2011 10:35 AM
From: Dominican Republic
No wonder they fired all their employees a few weeks ago in POP, everyone, to sub-out to a handling company.
Written by: danny00, 29 Nov 2011 11:05 AM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
and the low-lifes on this site site who used to cry over the air fares from american.
{same low-lifes cry about anything and everything dont they?}
Written by: josearias, 29 Nov 2011 12:06 PM
From: United States
well done AA. the 25 dollars fee was not enough and 35for a second AND.beside cutting must of all employee benefice to please your investor you got what you wanted. this is one company that can '"t be outsorce to china '
Written by: Escott, 29 Nov 2011 1:32 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
Danny00 you know nothing about nothing. You are no more a globe trotter than I am the freakin POPE.
Written by: watcher48, 29 Nov 2011 2:13 PM
From: United States, Omnipresence
Good riddance I say.....Phuck 'em!!!
Written by: ColonialZone, 29 Nov 2011 3:30 PM
From: Dominican Republic
They put the company into bankruptcy so they could bust the unions. Remember the crazy Republicans did not approve the budget for the FAA, because the Republicans wanted to bust the Unions first and the Dem’s said no way. American Airlines is ripping us off. They will not let you get a boarding pass, at the counter, you must use the machine or you will not be able to board the aircraft. The seating is on top of each other and the planes are packed. Wall Street greed that is all this is. Big business now owns the United States.
Written by: xwill7, 29 Nov 2011 3:36 PM
From: United States, El cuarto bate
They should be in a good position once the new planes arrive. Get rid of those old planes please!
Written by: xwill7, 29 Nov 2011 3:37 PM
From: United States, El cuarto bate
It would also be great if they would create a night flight to Santiago like spirit and jet blue
Written by: Grosero, 30 Nov 2011 3:00 AM
From: United States
the worse fcking airline
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