Unfortunately, AA will, IMO, file chap. 11.
Chap. 11 is becoming the only way airlines can quickly address their costs. Every airline, with it''s labor negotiations, has proven that the long, drawn out negotiation process quite simply does not work. My sincere hope is that US, having gone thru chap. 11 quickly, will be the best-possitioned of the majors to return to profitability.
Chap. 11 is becoming the only way airlines can quickly address their costs. Every airline, with it''s labor negotiations, has proven that the long, drawn out negotiation process quite simply does not work. My sincere hope is that US, having gone thru chap. 11 quickly, will be the best-possitioned of the majors to return to profitability.