Is American Airlines' Parent Going Bankrupt?

 

"Is a bankruptcy filing on the horizon for AMR Corp.?" That's the question put forth this week by the Ft. Worth Star-Telegram.

"The Fort Worth-based carrier has had only two profitable years in the past decade, its stock has slipped to a one-year low near $3 and credit-rating agency Moody's downgraded AMR's outlook to "negative" last week. Some industry analysts think that the company is running out of cash and that a bankruptcy filing is possible. But others say the airline still has another year or two to turn its finances around."

Read the rest of the story here.

 

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