The cargo division at American Airlines is continuing normal operations despite its parent company filing for bankruptcy, according to a statement on the air cargo operator’s website.
On 29 November AMR Corporation, the parent company of American Airlines and American Eagle, and certain of its US-based subsidiaries (including American and American Eagle) filed voluntary petitions for Chapter 11 reorganisation in the US Bankruptcy Court for the Southern District of New York.
AA apparently has US$16.26bn in long term debt and negative equity of US$3.95bn.
AMR said it took the action in order to achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers.
AA added that it is committed to continuing to provide its customers with the excellent service and safe, reliable travel experience.
As such, AA, American Eagle and AA Cargo are operating normal flight schedules, according to the company.
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