http://www.dfw.com/mld/dfw/business/5462687.htm
American probably has lawyers who would like the company to file for bankruptcy soon, while it has more than a billion dollars in cash.
A junk bond analyst, who is recommending that his clients sell their bonds in American''s parent company, AMR, raised a valid question last week.
At this point, we''d ask AMR management why an airline in its situation would not want to file Chapter 11, wrote George Allen Kirchwey of SAMCO Capital Markets in New York.
That''s the rational move, he wrote, with airline travel still depressed and bankruptcy offering a way to quickly reduce costs and shutter facilities.
American probably has lawyers who would like the company to file for bankruptcy soon, while it has more than a billion dollars in cash.
A junk bond analyst, who is recommending that his clients sell their bonds in American''s parent company, AMR, raised a valid question last week.
At this point, we''d ask AMR management why an airline in its situation would not want to file Chapter 11, wrote George Allen Kirchwey of SAMCO Capital Markets in New York.
That''s the rational move, he wrote, with airline travel still depressed and bankruptcy offering a way to quickly reduce costs and shutter facilities.