American Airlines parent gets $2.9B, shifts routes

Thursday, September 17, 2009 | 2:38 p.m. CDT; updated 4:05 p.m. CDT, Thursday, September 17, 2009

ATLANTA — American Airlines' parent company said Thursday it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 billion in cash and fresh financing it raised should quiet concerns — for now — that it is in danger of a cash crunch and a bankruptcy filing.

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