Bankruptcy court approves AA/USAir merger

Note: This approval of the American Airlines and US Airways merger is the bankruptcy court approval, not the antitrust merger approval that will be rendered by the Department of Justice in the next few months. As a bankruptcy solution, the merger of American Airlines...

Will American Airlines succumb to bankruptcy?

American Airlines (AA), the only major airline that did not submit to Chapter 11 bankruptcy over the past decade, seems to be on the bankruptcy ropes. Its stock plummeted 33 percent yesterday as rumors were flying across Wall Street. Will it go into Chapter 11...