Airline bankruptcies happen so often these days it’s almost not even news but American Airlines’ parent company, AMR, filed today and hopes to continue operating as it works its way through the process. American Airlines is the last “legacy” airline to seek this protection despite its efforts to avoid it.
American Airlines was the largest carrier until Delta Air Lines purchased Northwest Airlines in 2008. It fell from the #2 spot when United Airlines merged with Continental Airlines. As it turns out, Southwest Airlines is currently #4 and US Airways is fifth.
It will be interesting to see how this all plays out though I suspect AMR will emerge from this process.