American Airlines files Chapter 11
It looks like another year of high gas prices and failed labor negotiations has taken the final swing at American Airlines. Today, the airline giant filed for Chapter 11 protection. American is the last major US carrier to join the ranks of airlines that have filed for bankruptcy since 9/11.
This reinforces my stance as an anti-union airline employee. While American’s predicament certainly isn’t entirely the fault of brutal labor negotiations, pompous disregard for a company’s financial health—such is the attitude of all labor unions (and many of their members) I’ve been in contact with—seems to only lead in one direction: cranky employees, cranky management, and a bankrupt airline.
Read more about American’s filing on The Wall Street Journal.