I've got no problem with a bankruptcy. Bring it on. Maybe it'll get rid of a lot of incompetent parasites in the senior management ranks. However, if AA doesn't get an actual leader (and not just another shoe clerk) in the CEO job, it really won't matter.
AE is just a tool of AMR to be used against mainline. The endless foot-dragging on contract talks is right out of the union busting playbook. They have no idea how to run an airline into the future other than to dumb-down labor standards to the lowest denominator. That is plan A thru Z.