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Old 11-29-2011, 04:15 AM   #1
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Default AMR Files For Bankruptcy

CNBC is reporting that AMR has filed for bancruptcy. Arpey has been replaced. No further information at this time.
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Old 11-29-2011, 04:21 AM   #2
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AMR and American Airlines File for Chapter 11 Reorganization to Achieve Industry Competitiveness - Nov 29, 2011
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Old 11-29-2011, 04:26 AM   #3
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Ouch. Sorry guys, but at least you didn't give up 32.5% of your pay first, to stay out of bankruptcy.

Good luck, we all hope you fare well, but we all know why they filed, and it's not to pay pilots more.
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Old 11-29-2011, 04:32 AM   #4
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This ought to be a long thread:-(
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Old 11-29-2011, 04:35 AM   #5
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Best of luck to all AMR employees.
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Old 11-29-2011, 04:35 AM   #6
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American Airlines Parent AMR Corp. Files for Bankruptcy - Bloomberg
American Airlines parent AMR Corp. (AMR) filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.


Expect the pilot contract to resemble United's and Delta's. Let's hope it's more like Delta's.
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Old 11-29-2011, 04:36 AM   #7
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Mister Arpey "Retired" then they file for Chapter 11 protection, how nice.
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Old 11-29-2011, 04:37 AM   #8
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Saw this coming for a long time. I'm surprised that there weren't more pilots retire that what did. Pensions will be good as gone now.

I sure hope APA doesn't cave as a result of this. Stay strong.
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Old 11-29-2011, 04:37 AM   #9
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Quote:
Originally Posted by InformationEcho View Post
Mister Arpey "Retired" then they file for Chapter 11 protection, how nice.

Just like Anderson left NWA, then they filed, now Anderson is at DAL/NWA...with an 'unblemished' record. Nice work if you can get it.

So...who's next?

That only leaves One Major who has not (yet) filed Bankruptcy...and you know who that is.

And so begins the next round of "We'd like to pay you more but we have to lower our costs to compete with X, Y and Z."
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Old 11-29-2011, 04:46 AM   #10
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Quote:
Originally Posted by Timbo View Post
Just like Anderson left NWA, then they filed, now Anderson is at DAL/NWA...with an 'unblemished' record. Nice work if you can get it.

So...who's next?

That only leaves One Major who has not (yet) filed Bankruptcy...and you know who that is.

And so begins the next round of "We'd like to pay you more but we have to lower our costs to compete with X, Y and Z."
Actually I don't. Who?? Are you talking Majors or Legacies? SWA?
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