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Old Mar 24, 2020 | 1:57 pm
  #28  
Stripe
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20 Years on Site
 
Join Date: Jun 2005
Location: AUS
Programs: AA Exec Platinum/MM, DL Gold/MM, Hilton Diamond, Accor Gold, Hertz Five Star
Posts: 7,496
Originally Posted by USFlyerUS
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.
You can add PA, TW, and CO to the list. The first two no longer operate but the miles were assumed by DL and AA respectively.
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