AMERICAN AIRLINES has been saved for the time being from Chapter 11 bankruptcy at the very last moment following discussions with the unions and is trading as normal. However the pilots must over the next two weeks decide which is worse ” steep salary cuts and 2,500 positions culled from their ranks or a company bankruptcy filing in which a court is likely to impose even harsher measures. American remains the world”s largest airline whilst number two carrier, United, continues to operate under the US bankruptcy rules. http://www.aa.com