World's fourth largest airline says it will honour tickets and reservations as it restructures its debts and costs.

This article titled “American Airlines files for Chapter 11 bankruptcy protection” was written by Dominic Rushe in New York, for on Tuesday 29th November 2011 13.46 UTC

American Airlines, the world's fourth largest airline, has filed for Chapter 11 bankruptcy protection.

The decision comes as the airline tries to “achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers,” the company said in a statement.

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