American Airlines’s parent had been the only U.S. legacy airline that hadn’t filed for bankruptcy protection. Now that it has filed, it will slot in as the second -largest airline bankruptcy.
American listed in its filing assets of $24.72 billion. That was not enough to knock UAL, the parent of United Airlines, from its top spot. But it was enough to top bankruptcies of both Delta and Northwest, according to BankruptcyData.com.
American’s bankruptcy will also rank among the largest non-financial on record. According to BankruptcyData.com, American will now rank 11th.
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