American Airlines’ parent company, Texas-based AMR, filed for Chapter 11 bankruptcy Tuesday morning, making it the last major airline in the U.S. to do so. American, the nation’s third largest airline, will continue operations during the restructuring, which it hopes will reduce labor costs and $29.6 billion in debts. AMR has lost $982 million since […]
American Airlines set off a new round of fare hikes over the weekend, increasing roundtrip domestic ticket prices by $20 because of rising fuel prices. Other carriers followed suit. As major airlines struggle, what can they learn from the little guys? The Takeaway talks to Dan Wolf, the founder, CEO and pilot of one of […]