AMR Corporation has made a voluntary filing for Chapter 11 bankruptcy reorganisation, although the airline is expected to continue flying.
American serves 260 cities through a network that expands to 50 countries. The company said it will honour bookings as usual and that its code shares and Frequent Flyer Programme aren’t affected in any way by the move.
"We are committed to maintaining a strong presence in worldwide markets. I am confident American will emerge even stronger as a global leader known for excellence and innovation, a travel partner customers seek out, and a carrier that serves communities throughout the world," said AA’s new chairman and CCO Thomas Horton, who will keep his post as AMR chairman.
"It is a privilege and an honour to lead this company and I intend to do everything in my power to help restore its position of leadership in the global airline industry."