A few months ago American Airlines filed for bankruptcy. Many people fear bankruptcy and see it as the death of their financial lives. What they do not realize is that bankruptcy is the best route to get a fresh start and their finances in order. American Airlines predicts the same. The Los Angeles Times reports:
Passengers who fly American Airlines out of Los Angeles International Airport may feel uneasy about the future of the Fort Worth carrier because it filed for bankruptcy a few months ago and announced plans to lay off 13,000 workers.
But representatives of the nation’s third-largest airline are touring the country trying to allay the fears of passengers and others by spreading the message that American will come out of bankruptcy stronger than ever.
Top American officials visited Los Angeles last week to tell reporters that, once the airline emerges from bankruptcy, it plans to add up to 20% more flights from its five most important hubs: New York, Los Angeles, Chicago, Dallas-Fort Worth and Miami.
Airline executives also unveiled plans to order enough new planes over the next five years to transform one of the industry’s oldest fleets of jets to the newest.
“At the end of the day, our plans will allow us to return to the top of the heap,” said Kevin Cox, American’s vice president of state and community affairs.
A fresh start through bankruptcy is not only possible for multi-billion dollar corporations but also for regular people. Call us today and we’d be happy to explain the process for you. You can read the rest of the article in the Los Angeles Times.