American posts $390 million second-quarter loss as revenue falls 20.9%

[NM]

From ATW Daily News:

American Airlines parent AMR Corp. said a "very difficult revenue environment" drove a second-quarter net loss of $390 million, narrowed 73.3% from a $1.45 billion deficit in the year-ago period when heavy noncash impairment charges dragged down the bottom line.

But the loss actually was widened from a $298 million deficit last year absent special charges. The quarter was "obviously disappointing," Chairman and CEO Gerard Arpey said. "We've got to continue to anticipate a tough environment."

 

[djfuzz]

Interesting, though doesn't seem to be unexpected.

With all the FT hooplah about some journos writing that AA's financial position is precarious, got me to thinking (rather selfishly) about how AAdvantage members would fare if they did declare bankruptcy or seek Chapter 11 protection (naturally it would be a far worse position for employees of the company of course).

As the most unsecured of unsecured creditors, surely the liability for AAdvantage points would never be compensated right? Time to move to a more 'stable' airline like QF?