Daily Archives: December 9, 2011

High operating cost, low productivity key factors behind American’s bankruptcy

In filing a Chapter 11 bankruptcy, Dallas, Fort Worth-based AMR Corporation, parent of US’s third-largest carrier American Airlines (AA) and its regional subsidiary American Eagle joined its peers in which every major US network carrier has gone through the bankruptcy process at least once in the past two decades in a drive to become competitive and solidly profitable by slashing

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