December 5, 2011
AMR Record $4.1 Billion Bankruptcy Cash Mutes Takeover Risk
"AMR Corp.'s $4.1 billion in cash, the most ever for a U.S. carrier entering bankruptcy, may help the parent of American Airlines preserve its independence.
Filing for Chapter 11 with that much in cash and short-term investments strengthened the third-largest U.S. airline company's control over its fate, unlike peers that restructured in the last decade, said James M. Higgins, an analyst at New York-based Ticonderoga Securities LLC."
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