American Airlines on Tuesday filed for bankruptcy protection, the last of the legacy airlines to do so. Flight schedules will not be affected, said AMR Corp. (PDF), the parent company of both American and American Eagle. American was the only major carrier that wasn't profitable last year, according to The Wall Street Journal. American said its labor contracts cost $600 million more each year than other legacy airlines pay. Those airlines, such as United and Delta, were allowed to void their labor contracts after filing Chapter 11, according to The Associated Press. Contract talks between American and its 8,000 pilots recently stalled.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/chapter-11-for-american-airlines