American Airlines Files for Bankruptcy – Not Good For the U.S Economy, Will Mean Loss Jobs

American Airlines declare bankruptcy 2011
Although American Airlines says that they will continue to operate during their bankruptcy, they will most likely need to reduce the number of employees. The reason why they are going bankrupt is because they cannot service their huge debt of about 28 billion, and it add insult to injury the employee pensions of the American Airlines employees might be affected.

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American Airline Files for Bankruptcy

This entry was posted on Thursday, December 1st, 2011 at 6:23 pm and is filed under Debt Management, Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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