American Airlines files for bankruptcy

"We know why you fly," is the slogan of American Airlines. However, it seems like there is a big disconnect between the slogan and the company's action - especially when it comes to taking care of its passengers. Just to think, when they stop giving out those pillows and blankets, changed how they fed the passengers and most notably, started charging for BAG FEES, that it would take them down a path of bankruptcy.

That's right. According to a report this today from CNN, "American Airlines, one of the few major U.S. airlines to avoid bankruptcy, finally succumbed Tuesday and filed for chapter 11.  Corporate parent AMR also filed, and said that American, American Eagle and all other subsidiaries will honor all tickets and reservations and operate normal flight schedules during the bankruptcy filing process, using its $4.1 billion in cash.

Well, I am sure there will be a lot more in the coming days about this... so stay plugged in here. We are going to keep an eye on this one!

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