Updates In American Airlines Bankruptcy

: Chris Lee Law Firm

  Filed under: News

The turbulence surrounding American Airlines isn’t just in the air as reports continue to stir about cancellations, delay and stingy contract negotiations. Since their Chapter 11 bankruptcy filing nearly a year ago, American Airlines has had work hard to uphold its wavering reputation. After all of the ill press in recent weeks, some good news surfaces about the fate of the airline.

Pilots Talk

The pilots union for American Airlines employees has not been pleased with talks of cancelling labor contracts and cutting future pensions. However, American parent company, AMR, has held firm and continued to push for more negotiations. This week, pilots for AMR’s sister airline, American Eagle, have agreed to a new labor contract. The proposal won when 75% of the Eagle pilots voted in favor of the new terms, which likely includes a reduction in medical and pension benefits.

Tony Gutierrez, chairman of the governing council at Eagle’s branch of the nationwide union, said “Although none of us wanted to navigate the bankruptcy process during our career, we are pleased that this difficult chapter is now behind us.” Now that Eagle pilots have approved a new labor deal, pressure is on for American pilots to resume negotiations with AMR. American sees this as a sign of hope that an agreement will eventually be reached.


Are you a candidate for bankruptcy?
Would you like to find out if bankruptcy is the right option for you? Try our Free Online Bankruptcy Evaluation. 4 easy steps to see if bankruptcy could be the right option for you!
  • Step 1
  • Step 2
  • Step 3
  • Step 4
Please Select Each Box That Applies To You
Creditor Harassment
Loss of Income
Foreclosure
Disability or Illness
Current Expenses
Auto Loans
Credit Cards
Medical Bills
Payday Loans
Do you have any additional information you would like to share?
Contact Information