This reminds me of TWA and Pan Am. It took them years to bleed to death. All the while, they both sold off their most valuable assets to provide cash for their everyday survival. Over the years, AMR has sold off Sabre and Beacon for nice chunks of cash. They tried to sell off Eagle, but had no luck.[/QUOTE]

Yeah, it saddens me to see what this incompetent management has done to this once proud airline. A lot of that was simply trying to boost the stock price temporarily. They were actually not in dire straits when they sold those off.