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People's Daily Online>>China Business

US-China flights unaffected by bankruptcy protection

By Qian ChunXian (Xinhuanet.com)

16:27, December 07, 2011

Edited and translated by People's Daily Online

American Airlines, the world's third largest airline, announced on Dec. 5 that its bankruptcy protection will not affect the flights between China and the United States, the two largest economies in the world.

The airline will continue to provide passenger and cargo transportation services between the two countries.

At present, American Airlines runs the route between Shanghai and Chicago, Shanghai and Los Angeles, as well as Beijing to Chicago. The head of the company's information management division said that over the past few weeks, American Airlines have felt the urgent need to apply for bankruptcy protection as high labor and fuel costs as well as global economic uncertainty have all increased its costs. American Airlines will continue business operations throughout the reorganization process.

The U.S. Bankruptcy Code enables American Airlines to maintain normal business operations while it works to establish a competitive cost and debt structure. The reorganization will have no direct legal impact on any American Airlines operations outside the United States.

As the third largest airline in the United States, American Airlines ordered 260 Airbus A320-family jets and 200 Boeing 737-family aircraft not long ago, which is the largest commercial-aircraft order in history. At present, American Airlines has annual revenue of 22 billion U.S. dollars with an annual passenger carrying capacity of 106 million and an annual direct operating expenditure of 20.2 billion U.S. dollars.

Its routes to Beijing and Shanghai are generally regarded as "golden routes" in the global aviation industry.

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