In an attempt to get costs and debt under control, American Airlines has filed for Chapter 11 bankruptcy reorganization.
“American expects to continue normal business operations throughout the reorganization process, and the business will continue to be operated by the company’s management,” AMR said in a statement. AMR Corp is the parent company of American Airlines.
American Airlines is the nation’s 3rd largest airline. They will be operating normal flight schedules and honoring tickets during this process. Their frequent flyer program will not be affected.