American Airlines in bankruptcy by May? - - Tulsa, OK - News, Weather, Video and Sports - |

American Airlines in bankruptcy by May?

American Airlines parent company could be bankrupt by May. The American's pilots' union claims the Texas-based company has just three months' worth of cash reserves.

The union analyzed AMR's finances and says almost $2-billion in employee concessions sought by American might not be enough to save the world's largest airline.

The union says American needs $1-billion to keep flying. AMR's chief financial advisor said last month American was losing about $5-million a day.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.