Financial Times online:

“The absence of progress this week in contract talks between AMR management and the Allied Pilots Association raises the risk that American Airlines will be forced into a Chapter 11 bankruptcy filing,” Bill Warlick, a senior director with Fitch Ratings, wrote on Tuesday.

“While AMR’s liquidity position is adequate to allow the company to avoid a bankruptcy filing in the short run, we regard the achievement of competitive pilot wage and benefit levels as key to American’s long-term survival,” Mr Warlick added.

Link to full article:
American Airlines in new approach to pilots - FT.com