By Rand Paul
Obama acts as though we no longer have a Constitution
The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.
The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.
Even higher fares couldn't pull American Airlines out of its financial nosedive.
Chairman and CEO Gerard Arpey said the third quarter was "challenging for American Airlines," but said the company was moving aggressively to improve.
The top goal, he said, was to control costs.
