[fingpilot]

You know, after I hit the 'send', I had an interesting call from a senior Captain at AMR.

He said what I had been thinking after 'reading between the lines' about the Chapter 11.

AMR didn't file because they are broke and getting broker. They filed to take advantage (the same advantage as the other majors have taken) of the protection and 'reorganization' capabilities of Chapter 11. It's a revised business plan.... AMR was the only major not to have gone this route. He was saddened that some of the 'givebacks' the pilots have conceded to over the years past have failed. By failed, he meant that the 'givebacks' will not have to be repaid. I have no doubt those giveback repays will be in the next contract in some form.

But he was saying it is simply AMR using the same tactics (a 'new' business plan that includes setting aside contractual obligations) as their competition.

Wave of the future, I suspect.