L410Turbolet From Czech Republic, joined May 2004, 5394 posts, RR: 19 Posted (1 year 6 months 1 week 5 days 5 hours ago) and read 2541 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, 237 posts, RR: 0 Reply 1, posted (1 year 6 months 1 week 5 days 5 hours ago) and read 2519 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.
Longhornmaniac From United States of America, joined Jun 2005, 3094 posts, RR: 48 Reply 2, posted (1 year 6 months 1 week 5 days 5 hours ago) and read 2475 times:
LAXintl From United States of America, joined May 2000, 22050 posts, RR: 51 Reply 3, posted (1 year 6 months 1 week 5 days 2 hours ago) and read 2439 times:
However I can virtually guarantee you will have schedule changes between now and June 2012.
Domestic carriers only firm up schedules about 90-days out, so what is in the system is a generic place holder schedule.
So departure times, aircraft, and flight numbers are likely to shift between now and June 2012.
From the desert to the sea, to all of Southern California
RamblinMan From United States of America, joined Oct 2010, 1081 posts, RR: 1 Reply 4, posted (1 year 6 months 1 week 5 days 1 hour ago) and read 2431 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.
steex From United States of America, joined Jun 2007, 1426 posts, RR: 9 Reply 6, posted (1 year 6 months 6 days 1 hour ago) and read 2110 times:
To be honest, you probably are at greater risk of having your credit compromised by making the purchase on the internet than of having your AA flights not operate due to their financial situation.
sw733 From United States of America, joined Feb 2004, 6072 posts, RR: 10 Reply 7, posted (1 year 6 months 6 days ago) and read 2104 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.
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