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American Airlines Flies Files For Bankruptcy!

| Filed under: Sad SadBusiness Blitz

Oh no!


Frequent fliers of American Airlines take note:

Last night, it was unanimously decided that the airlines file for bankruptcy by the board of directors and it's parent company. Obviously, it was a tough decision to come to, but the company is desperate to try and "cut costs and unload massive debt built up by years of high fuel prices and labor struggles."

The nation's third-largest airline made the announcement this morning, adding that CEO Gerard Arpey has stepped down and was replaced by company president Thomas W. Horton.

However, for those of you who have been loyal to the airlines these many years, fear not. At this point, nothing is being said about raising flight costs,honoring tickets or taking reservations. Right now, the only thing getting slashed is the flight schedule and - of course - jobs.

Such a terrible time to make such a move. Those poor people. Right before the holidays. It's so sad!

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5 comments to “American Airlines Flies Files For Bankruptcy!”

  1. 1

    Filing for bankruptcy does not mean that your broke, but are simply entering in a legal plea to protect themselves.

  2. 2

    I really don't care about AA, I wanted to comment on the circus animals…why are some of the comments off?

    Anyhoo, I think circuses should be banned.

  3. 3

    Perez you really need to stop posting about business/politically related topics on a "celebrity gossip site." These topics are way out of your league to aptly comment on (i.e. since it seems you average a measly 6-8 sentences per post with bad grammar on the side). You're developing some bad tunnel vision mario. I dunno, maybe you don't have enough to talk about anymore….who knows.

  4. 4

    First of all, as an employee of American Airlines I would like to clear the air up a little and let everyone know that there is no drastic changes being made yet and it could take up to 12 months for everything to start changing. Also, the flight schedule has not changed, nothing is being slashed at this point. Perez, you really need to get your facts straight before you start typing on your keyboard about shit you clearly have never had to deal with. Get up from behind your computer and out from under celebrity's noses and be a little sympathetic to the average working American in the corporate world. You may learn that other things are more important than what color you should dye your hair this week.

  5. 5

    "Labor struggles" means unions. Unions have been the downfall of this country.