American Airlines fills for bankruptcy protection

[airportworker]

American Airlines have filled for bankruptcy protection, As it says in the link below the airline intends to operate normally



http://dealbook.nytimes.com/2011/11/...or-bankruptcy/

[Scott and Janet]

Up until now American and Southwest were the only US carriers that had not filled......at least it will put them on a level playing field vs the other airlines (after they re-negotiate the labor contracts)......and with other belt-tightening measures hopefully they will become profitable again...

[Craig123]

I'd like to see any profits sacrificed for lower air fares. Break even is just fine with me.

[Scott and Janet]

No one can operate on break even......I would not continue working on breakeven in my business and neither should anyone else.......

[Craig123]

Companies actually do operate just to break even. Just look at any mutual insurance company. If they happen to make a profit, that profit is not distributed to shareholders. Instead they use it to strengthen their financial position and to lower premiums to gain more market share. I don't mind if capital stock companies make money. Obviously that's why they exist. Lower fares in exchange for less profit is fine with me. I'm not a shareholder, I'm a customer.