American Airline parent corporation, AMR Corp., filed for Chapter 11 bankruptcy Tuesday. With peak travel season just around the corner, experts are split over what it could mean.
American Airlines: The nation's third-largest airline also said Tuesday that CEO Gerard Arpey had stepped down and was replaced by company president Thomas W. Horton.
American Airlines will recall 250 pilots starting in November and 545 flight attendants starting this month. The airline last recalled pilots in 2009 and flight attendants in 2008.
Other major airlines are also expected to report losses for the second quarter, as swine flu and the recession take its toll on air travel.
The FAA didn't give American Airlines the usual amount of time to fix the glitches.