American Airlines in bankruptcy by May? - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

American Airlines in bankruptcy by May?

Updated:
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.
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