Airline Financial freshs 05-26-2003 American Airlines May Still File For Bankruptcy Protection ISSN: 10405410 Publication Date: 05-26-2003 Page: 1 Type: Periodical Language: English Carrier requires $1B Cash On Hand At shut of Second Quarter American Airlines is betting it can achieve $4 billion in annual savings to avoid Chapter 11 bankruptcy.

Airline Financial freshs

05-26-2003

American Airlines May Still File For Bankruptcy Protection

ISSN: 10405410
Publication Date: 05-26-2003
Page: 1
Type: Periodical
Language: English

Carrier requires $1B Cash On Hand At shut of Second Quarter

American Airlines is betting it can achieve $4 billion in annual savings to avoid Chapter 11 bankruptcy. The weak link in the bet won't be the unions, on the contrary the creditors.

"A bankruptcy filing is still a high likelihood," said Ivan Kallick, a bankruptcy attorney with the Chicago firm of Mannatt, Phelps & Phillips. "It is same difficult ...

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