American Airlines Files for Chapter 11

American Airlines has filed for Chapter 11 Bankruptcy. According to details released by the airline, this will not impact current travel schedules or the AAdvantage frequent flier program. However, there have been rumblings that this could lead to future layoffs and route reductions. No word yet on how this news will impact AA’s recent agreement to purchase 460 narrowbody passenger jets from Boeing (737) and Airbus (A320neo). FULL STORY.

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