How American's Execs Covered the Bases

With Chapter 11 still possible, the airline's bosses made sure their wallets were protected in case of a crash landing

For months, American Airlines (AMR ) executives have struggled to keep the nation's largest airline out of bankruptcy. And on Apr. 16, with the last of three unions approving deep contract concessions, American avoided, at least for now, that painful step.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.