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Old Mar 24, 2020 | 11:57 am
  #24  
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Originally Posted by txpenny
I took the sure thing this morning (refund). Not sure I want to be a creditor in the off chance AA goes chapter 11.
Chapter 11 is for reorganization while continuing operations. Even if that does happen, AA would get DIP financing (likely from the Government and/or major leaseholders) and continue operating normally for passengers. Many of us lived through the US (2x), HP, NW, DL, UA and AA bankruptcies and I don't think any passengers lost any tickets or credits in any of them, unless I'm mistaken.
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