From USAToday.com
American Airlines next to file?
The world's largest airline could find itself in bankruptcy court by Memorial Day, says the pilots union at American Airlines. An independent analysis of American's finances by the Allied Pilots Association found that AMR, the airline's parent company, has just three months of cash reserves. The review concluded that the $1.8 billion in annual employee concessions American has sought might not be enough to save the world's largest airline. "Realize that the $1.8 [billion] is a minimum figure," a posting on the union's Web site says. "There is no guarantee that AMR won't ask for more. AMR states the alternative is bankruptcy
American Airlines next to file?
The world's largest airline could find itself in bankruptcy court by Memorial Day, says the pilots union at American Airlines. An independent analysis of American's finances by the Allied Pilots Association found that AMR, the airline's parent company, has just three months of cash reserves. The review concluded that the $1.8 billion in annual employee concessions American has sought might not be enough to save the world's largest airline. "Realize that the $1.8 [billion] is a minimum figure," a posting on the union's Web site says. "There is no guarantee that AMR won't ask for more. AMR states the alternative is bankruptcy