Atomic Bob's Stock Forum - The Golden Thread

Is it just me, or does this sound disingenuous? "in the best interest of... shareholders"??? When was the last time shareholders came out ahead as a result of bankruptcy??? Aren't shareholders the very first ones who get screwed? (They should be.)
I don't own any airlines, but Continental/United continues to hold my interest. It will therefore be interesting to see what UAL does today. The company is healthy. This week, it just ordered 200 new jets from Boeing and Airbus.

November 29, 2011

American Airlines files for bankruptcy protection
American Airlines and American Eagle's parent companies file for bankruptcy protection

Associated Press

FORT WORTH, Texas (AP) -- American Airlines and American Eagle's parent companies are filing for bankruptcy protection.

AMR Corp. and AMR Eagle Holding Corp. said Tuesday that they filed voluntary petitions to reorganize, saying it's in the best interest of the companies and its shareholders.

http://finance.yahoo.com/news/american-airlines-files-bankruptcy-protection-121438848.html

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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