AA filed chapter 11 in 2011. They are doing well now, but they are very vulnerable to things they can't control well, like fuel prices, unions, etc.
In fact, the bankruptcy is part of why they are doing well now. It allowed them a free pass to invalidate all union contracts and start over with lots of leverage.
In fact, the bankruptcy is part of why they are doing well now. It allowed them a free pass to invalidate all union contracts and start over with lots of leverage.