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American Airlines bankruptcy

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The federal judge approved American Airlines’ bankruptcy plan of merging with US Airways Group Inc. (LCC). He said a U.S. antitrust lawsuit who is seeking to block the deal was no reason to delay it. The government has argued that American can arise from bankruptcy and compete on its own even without the airlines merger.

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On 18th of September American Airlines informed that it had notified approximately 11,000 workers that they could lose their jobs as a part of the company’s bankruptcy reorganization. According to Bruce Hicks, spokesman for American Airlines, the company, however, expects job cuts to be closer to 4,400. In addition, flights were cut by one to two percent for the rest of the September and October.

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