She defended Arpey for trying to avoid bankruptcy and said "he did everything possible to avoid this outcome. Dave Bates, president of Allied Pilots Association, a union representing 8, American pilots, said the bankruptcy filing is disappointing, if not entirely unexpected, because unions reached agreements on labor savings with the company in He anticipated "significant changes" to the company's business and to the union's contract during the estimated 18 months it will take to complete the reorganization.
What has transpired since has been nothing short of a 'perfect storm. American Professional Flight Attendants President Laura Glading said workers already "sacrificed greatly" in reducing the company's labor costs in and expect to participate in the reorganization. The company blamed volatile fuel prices, economic uncertainty for customers buying tickets and competitive disadvantages for its financial difficulties.
After Sept. And as a consequence they reduced their costs and debt and became more competitive. Isabella Goren, AMR's chief financial officer, filed an affidavit citing increased competition and Internet-based shopping that made "comparison shopping for the lowest fare extremely easy. AMR cut costs, said that as competitors emerged from bankruptcy more competitive, American found it difficult to keep up. Bryan Saltzburg, general manager of TripAdvisor Flights, said he does not expect fliers to see dramatic changes to American's routes or number of flights.
Debit cards may also provide some protection in these cases, but the claims process with credit cards is generally smoother, Rossman said. These requests can be made online or by phone. Timing is another critical issue. Under the Fair Credit Billing Act, consumers only have 90 days after your purchase to file a claim, Elliott said.
Also see: Nearly 1 in 3 Americans are planning to take a road trip this summer, as low gas prices outweigh coronavirus fears. If an airline liquidation hampers your travel plans, your travel-insurance policy may cover some of the costs.
The key lies in the fine print. Some airlines have split their loyalty program into separate companies, Rossman said, which could survive the bankruptcy.
These programs will give you the equivalent status, and surviving airlines could use these programs to attract elite members from the defunct carrier. But retaining frequent-flyer miles or status is far from guaranteed. If an airline looks like it will go out of business, people who have frequent-flyer miles should consider using them for flights or converting them into other purchases such as merchandise or gift cards, Holzhauer said.
Home Personal Finance Travel. Some travelers may eventually see fewer American flights at their airport. The incoming CEO said American would probably reduce its flight schedule "modestly" while restructuring in bankruptcy court. But that would continue a strategy in place at American and other airlines in response to high jet fuel prices. The real risk to American's passengers is if the restructuring fails, the airline ultimately liquidates and ceases to fly. Even then, many travelers are protected if they bought tickets with a credit card.
Travelers continued to book tickets. Planes still took off and landed and frequent flier miles were still earned and redeemed.
In fact, the bankruptcy process is usually more taxing on the airline's shareholders, who tend to get wiped out. Or on workers, who can lose pay and benefits, and even their job. Still, some American travelers were nervous on Tuesday. I would be afraid they'd be less likely to keep their flights," Corina Fallbacher said after landing home in Chicago on an American flight from Orlando.
American is the nation's third-largest airline behind United Continental Holdings Inc.
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