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The parent of American Airlines filed for bankruptcy protection, an abrupt course change by one of the country's largest carriers that caps a decade of restructurings that are helping revive the long-troubled industry.


美利坚航空公司(American Airlines)的母公司AMR Corp.申请了破产保护。美国最大的航空公司之一做出的这一突然转变,为重振长期陷入困境的航空业而持续了10年的重组过程画上了句号。



AMR Corp. said its filing on Tuesday in New York would help it cut costs and emerge more competitive after losing more than $10 billion since 2001.


AMR说,周二在纽约申请了破产保护,这有望帮助公司削减成本,以更具竞争力的姿态重新展示在世人面前。自2001年以来,该公司累计亏损逾100亿美元。



Analysts viewed AMR's filing as broadlypositive for the airline industry, in part because American is expected to reduce excesscapacity that has led to unprofitable routes.


分析人士认为,AMR申请破产保护将对航空业带来广泛的积极影响,部分原因是预计该公司将削减催生了亏损航线的过剩运力。



AMR's move could trigger industry consolidation, with US Airways Group Inc., the product of an earlier merger, seen by analysts as a potential fit. But any attempted merger would unleash huge integration issues, further upset labor groups and face antitrust concerns.


AMR此举可能引发行业整合。早些时候的合并产物全美航空集团(US Airways Group Inc.)被分析人士认为是一个潜在的合并对象。不过,任何尝试的合并都可能带来巨大的融合问题,进一步加深劳动组织的不安,而且还面临反垄断问题。



AMR is third among U.S. and global airline companies by traffic, behind United Continental and Delta. The company, which has roughly $25 billion in assets, made a bankruptcy filing that ranks as the 24th-largest since 1980, according to BankruptcyData.com, and the second-largest airline bankruptcy behind United Airlines parent UAL.


按运输量计算,AMR是美国、也是全球第三大航空公司,排在美国联合美国大陆控股有限公司(United Continental)和达美航空公司(Delta)之后。该公司约有250亿美元资产,据BankruptcyData.com的数据,其申请破产保护的规模排在1980年以来的第24位,在航空业排在第二位,仅次于联合航空公司(United Airlines)母公司UAL。



AMR enters bankruptcyprotection with more than $4 billion in cash on hand, a decision that surprised some industry observers but drew praise from bankruptcy experts, who said troubled companies often wait too long to file. They also said AMR will likely benefit from the experience of its competitors in bankruptcy. AMR's filing appears to have been 'very well planned,' said Eric Schaffer, a partner in Reed Smith's bankruptcy practice who has worked on past airline restructurings.


AMR申请破产保护之际,手中拥有逾40亿美元现金。该公司的决定令一些行业观察人士大感意外,不过获得了破产专家的赞扬。破产专家说,陷入困境的公司常常等到太晚才申请破产保护。他们还说,AMR将可能从竞争对手的破产案中吸取经验。礼德律师行(Reed Smith)破产业务合伙人夏佛(Eric Schaffer)说,AMR申请破产保护看来是经过周密计划的。他曾参与过去航空公司的重组。



Doug Cameron / Mike Spector / Jack Nicas


Doug Cameron / Mike Spector / Jack Nicas