Originally Posted by
nerdbirdsjc
Airlines that operate international flights typically have policy limits that run well into the billions (and, of course, are forbidden from self-insuring), so this really won't be a show-stopper for either airline.
Originally Posted by
fly18725
The likelihood of a significant judgement is quite small, a view that appears to be supported by American and United's outside counsel and independent auditors (due to the lack of financial provisions).
Although I feel speculating about a judgement is pointless, I would point out that both airlines have suitable insurance policies and strong liquidity positions which makes discussing bankruptcy even more absurd.
As I posted above, UA and AA have no more insurance coverage for the events of September 11, 2001, as their liability was capped by the federal government at their policy limits, and those policies paid those limits ($1.2 billion total) to Silverstein's insurers.
There ain't no more insurance and there ain't no more liability for UA or AA.