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Nov 29, 2011

American Airlines ‘bruk;’ will employees suffer?

AMR Eagle Holding Corporation announced earlier today that the company and its subsidiaries including American Eagle and American Airlines (A.A.) filed voluntary petitions for Chapter eleven reorganization in the U.S. Bankruptcy Court for the Southern District of New York. The news coincides with a change of the CEO of the Board of Directors of AMR Corporation. Thomas W. Horton replaces Gerard Arpey who chose retirement.  The worry in Belize and across the USA is about job security. News Five contacted Luis Alpuche of American Airlines and he presented us with press releases from the company’s headquarters. A.A. maintains that its planes will continue to hover the friendly skies. There have been several reports in the USA about the bankruptcy, including this one from NBC.

{NBC report…}

Worldwide, many A.A. frequent flyers are members of AAdvantage miles program. A.A. sent out emails to members to inform them that the miles they earned from travelling are secure.

Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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No Responses for “American Airlines ‘bruk;’ will employees suffer?”

  1. Carlos says:

    This is not accurate. American Airlines by is not broke. It filed for Ch 11 to renegotiate its contracts. Currently it has large amounts of money on hand.

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