Citing an "untenable" cost disadvantage compared to its primary competitors, American Airlines (AA) parent AMR Corp. filed for Chapter 11 bankruptcy protection in a New York court Tuesday and announced the resignation of chairman and CEO Gerard Arpey.
American Airlines 737-800. Courtesy, AA Citing an "untenable" cost disadvantage compared to its primary competitors, American Airlines (AA) parent AMR Corp. filed for Chapter 11 bankruptcy protection in a New York court Tuesday and announced the resignation of chairman and CEO Gerard Arpey. President Tom Horton assumed the roles of chairman and CEO and began making the case that better times are ahead for the Dallas-based carrier. "The last decade has been ...
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