American Airlines Files for Ch. 11 Protection!

American Airlines has bit the bullet and filed for Chapter 11 bankruptcy. They are not going out of business (yet). So, all out miles are safe and they have announced no plans to do away with or change their mileage program or any flights schedules (yet).

Article on time.com can be found here.

NPR’s Marketplace had this good report this morning explaining why AA had to file for bankruptcy and why it is good thing for them.

Good post by Wandering Amamean here.

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