The company that runs one of the country's biggest airlines is filing for bankruptcy protection.
More from FOX News Radio's Courtney Kealy in New York:
Industry Analyst Vaugh Cordle with AirlineForecasts.com says this will probably raise ticket prices:
According to Cordle, this could be the final airline bankruptcy for a while:
Listen here to a 1992 American Airlines commercial:
American was the only major US airline that didn't file for bankruptcy protection after the 2001 terrorist attacks. The last major airline to file for bankruptcy protection was Delta in 2005. American says labor-contract rules force it to spend at least 600 million dollars more than other airlines.
Read American Airlines news release, HERE: