Originally Posted by
Wingtips
American Airlines files for bankruptcy | Reuters
"Ray Neidl, aerospace analyst at Maxim Group, said a lack of progress in contract talks with pilots tipped the carrier into Chapter 11, though it has enough cash to operate. "
Thats from reuters and was the first google result for, Reason American Went Bankrupt.
Neidl like others was duped. AMR had the BK planned for months before 11/29 and pilot TA or no pilot TA, that wouldn't have changed.