http://usanews.info/

American Airlines and its parent company are filing for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will no impact on travelers for now.

American Airlines and its parent company AMR Corp. have filed for Chapter 11 bankruptcy reorganization, the company said Tuesday.

Airline looks to unload massive debt incurred amid high fuel, labor costs; Lost $868M so far this year