November 29, 2011
AMR Corporation, parent company of American Airlines and American Eagle, and certain U.S.-based subsidiaries (including American and American Eagle), has filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York.
American Airlines and American Eagle are operating normal flight schedules, and its reservations, customer service, AAdvantage program, Admirals Clubs and all other operations are conducting business as usual. Likewise, throughout the Chapter 11 process, the airline expects to continue to:
Provide safe and reliable service; fly normal schedules; honour tickets and reservations, and make exchanges and refunds as usual; fully maintain its AAdvantage frequent flyer and other customer service programmes, and ensure all AAdvantage miles and elites status earned by members remain secure and intact; provide Admirals Club access and similar amenities to members and eligible customers; remain an integral member of the oneworld alliance and continue its codeshare partnerships.
These filings have no direct legal impact on American’s operations outside the U.S.
According to the company’s website, American took this action “in order to achieve a cost and debt structure that is industry competitive and thereby assure [its] long-term viability and ability to continue delivering a world-class travel experience for customers.”
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