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American Airlines denies bankruptcy rumor

FORT WORTH, Texas, June 5 (UPI) -- AMR Corp., parent to major U.S. carrier American Airlines, denied news reports that suggested the company was about to file for bankruptcy.

"Any speculation about any kind of imminent bankruptcy filing is unfounded," AMR spokesman Andy Backover said, the Dallas Morning News reported.

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"By any measure, we've put ourselves in a better position to manage through today's uncertainty," Backover said.

News of the carrier's rumored demise came from a DealReporter story that quoted unnamed sources saying bidders for AMR's regional carrier American Eagle would be cautious based on a risk of AMR filing bankruptcy, the News reported.

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