Total Number of Clips: 1
Entry #1
KTVT 2011-11-30 04:02:00 UTC
KTVT 2011-11-30 04:02:00 UTC
KTVT 2011-11-30 04:02:00 UTC
KTVT 2011-11-30 04:02:00 UTC
Direct Link
CBS 11 News at 10PM
KTVT (CBS)Dallas, TX DMA: 5
Nov 29 2011 10:02PM CST
Programming Type: News
>> after months of af speculation, yearssp of losing money, american airlines parent company filed for chapter 11 bankruptcy protection. and possibly on travelers. based in fort worth, amr employs about 25,000 people in north texas. estimated 240,000 fly with american daily. it is the third largest airline in the u.s. financially the airline has posted losses hain 14 of the last 15 quarters. we have team coverage of the t impact of the decision today. bud gillette looking at what travelers were noticing. jay gormley on the financial hit. today's announcement could have in north texas. >> the new ceo for amr says sa bankruptcy will likely bring fewer flights. flobviously means job cuts. the question now, when and how many? >>> bankruptcy, it was inevitable according to tomost airline experts and according to ut arlington professor, it was long overdue. >> essentia lly tactic the other airline, the other major airline had used in the past. they are operating without the debt burden that america is carrying all the years. >> professor crouden, american won't absolve of all the debt, it will force the creditors to accept less money. >>
Total Number of Clips: 1

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