American Airlines Denies Report about Bankruptcy

St. Louis, MO – An Associated Press article reports that the Allied Pilots Association has analyzed American's financial standing, and concluded the airline would need to file for bankruptcy by May 25. But American Airlines spokesman Bruce Hicks says the claim comes from a union official expressing his own calculations.

The pilots union also denies the claim, adding that variables such as a potential war and possible federal aid render it unable to make any financial predictions.