L410Turbolet From Czech Republic, joined May 2004, 5693 posts, RR: 18 Posted (2 years 9 months 1 week 4 days 9 hours ago) and read 4592 times:
I found some what appears to be a really nice deal on an "open jaw" itinerary to the US in June 2012.
It's on AA (3 out of 4 flights on AA metal) and given the financial mess they are in, I am not exactly convinced I should book with them.
What are the implications/potential risks for me as a passenger if AA (AMR) indeed files for Chapter 11 between now and June 2012?
The ticket would be bought via IATA agent and paid with a credit card..
liftsifter From United States of America, joined Feb 2008, 309 posts, RR: 0
Reply 1, posted (2 years 9 months 1 week 4 days 9 hours ago) and read 4570 times:
If AA does file for Chapter 11, that will not affect any of their flights, they will still operate normally, just under bankruptcy. The US Gov't will not let an airline as big as AA go under, there's not enough competition to do so.
RamblinMan From United States of America, joined Oct 2010, 1138 posts, RR: 1
Reply 4, posted (2 years 9 months 1 week 4 days 5 hours ago) and read 4482 times:
Quoting L410Turbolet (Thread starter): What are the implications/potential risks for me as a passenger if AA (AMR) indeed files for Chapter 11 between now and June 2012?
Chapter 11 is a "restructuring bankruptcy" and does not mean that the company shuts down, or that operations will be affected in the least. It's like Chapter 13 (personal bankruptcy) only it's for companies. What you're worried about is Chapter 7, which is a liquidation and involves a complete shutdown. While it seems likely AA may file for the former, it is extremely unlikely that they will liquidate within 12 months. Not saying it couldn't happen, just that it won't happen until after they fail to recover under Chapter 11. We'll be worrying about it this time next year if they don't turn it around.
sw733 From United States of America, joined Feb 2004, 6310 posts, RR: 9
Reply 7, posted (2 years 9 months 5 days 3 hours ago) and read 4155 times:
I am an AA ExecPlat and currently have 8 outstanding trips booked on AA between now and March, both for business and pleasure, using both money and miles...and I'm not worried one bit. They will certainly not shut down anytime soon, if ever.