Chapter 11 does not exist in my country. What is it? Does this mean that we could be put into administration, or receivership, and liquidated? Are we going out of business?
We are not going out of business. A company that has sought protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code generally continues its normal operations while it reorganizes. The Chapter 11 process is focused on the preservation and reorganization of companies. A number of large companies, ...
Posts Tagged with "amr"
1) Is it true that American has just filed for reorganization under Chapter 11?Yes, American Airlines took a necessary and responsible step to secure the future success of our company by filing for reorganization under Chapter 11. This was a difficult decision, but it is the necessary and right path for us to take – and take now. Our goal is to become an efficient, financially stronger, and competitive airline. The Chapter 11 process lets us continue normal business ...
Let this be a lesson to you.
Start a spreadsheet right now. On the top row, put in the amount of EQMs you have right now. Then, in subsequent rows, list flights you plan to take (broken up into segments), along with the mileage you'll earn for each segment. Include mileage from double EQM promos and class-of-service bonuses.
What happens if you don't do that? You end up 134 miles short.
I flew a ton in the last month or so, during which time AA was running a double-EQM ...
I'm currently reading an interesting book by Richard Thaler and Cass Sunstein. It's called Nudge: Improving Decisions About Health, Wealth, and Happiness. The book is basically about the ways that we can "nudge" people to make good decisions without eliminating their freedom of choice. For example, workers in a school cafeteria can "nudge" students to make healthier choices by giving prime placement to healthy foods. Kids can still choose junk food, but the ...
...That is the question.
Right now I'm an AAdvantage Platinum (PLT) member. In a few weeks, I'll be EXP (Executive Platinum, the highest level in American's program).
I am not currently a member of the Admirals Club, American's lounges. But I'm thinking about it. There are two issues here. First, is membership even worth it? Second, if membership is in fact worth it, how should I acquire said membership? I'm going to deal with the first question below, and the ...
American Airlines announced recently that it was severely cutting flights at STL, Lambert-St. Louis International Airport, which is effectively ending STL's standing as an AA hub.
The move makes perfect sense. American inherited the hub from TWA, which left it with three hubs in the central time zone, and two within 300 miles of each other. Having hubs at both ORD and STL is just wasteful, and it came as no surprise to American customers that the bulk of STL's flight load was ...
