Although American has a propensity for bankruptcy and furloughing, I do not foresee that as a feasible executive strategy in this current labor market.

The labor demands combined with the massive amount or retirement and growth in the industry, seems to make this an unlikely outcome.

The only concern would be bankruptcy as an opportunity for American to downsize its workforce and fleet which in that case would certainly warrant furlough or more likely reduced hiring demand.

I personally don't foresee American slowing down or reducing the size of their fleet.