DALelite From Switzerland, joined Jun 2000, 1770 posts, RR: 26 Posted (11 years 1 month 1 week 2 days 7 hours ago) and read 2437 times:
I just read an article saying that shares in AA parent company AMR. Corp.
fell to an all-time low on 29.Jan. 2003* as a gloomy economic outlook and fears of bankruptcy at the world largest airline scared off investors, Wall
Street analysts said.
I didn't know that AA was financily so unstable.
This article can be found on http://www.airlinequality.com/news/american.htm
N777UA From United States of America, joined Mar 2010, 0 posts, RR: 0
Reply 4, posted (11 years 1 month 1 week 1 day 15 hours ago) and read 1834 times:
I'm not rubbing it in at all, but American is suffering from the same reality shock as United did 2 months ago. Until the 11th hour, United refused to believe it could actually file...then it had to, and was a real wake up call, a proverbial slap in the face to all of us at UAL. I see the same thing happening with American. We will both survive chapter 11 (assuming AA does file), smaller but stronger.