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As news continue to trickle down as to what the bankruptcy of the third-largest airline in the U.S. (NYSE:AMR) will look like, there are three groups of stakeholders in the company that should have already realized they're in for a rough landing.

Rumors swirled for months, and now AMR, parent company of American Airlines and American Eagle, has filed for bankruptcy. But how will this affect you the passenger?

Wall Street rose for a second straight day on Tuesday as consumer confidence bounced back from a 2-1/2 year low in November, feeding appetite for risky assets.

R Corp. filed for bankruptcy protection in New York despite the fact that the company has more than a reported $4 billion in cash on hand. AMR shares, traded on the New York Stock Exchange, were halted earlier on the news. But after trading resumed, AMR Corporation common stock is trading down 85.93 percent on the day to 23 cents -- near a 52-week low of 20 cents.

AMR Corp. (NYSE:AMR), the parent company of American Airlines, has filed for bankruptcy protection under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York to shed its debt load and reduce costs after failed negotiations with pilot unions and higher fuel costs forced the company to take the last resort.

European shares rose on Tuesday as short-term traders helped boost the market following good demand at an Italian bond auction despite soaring borrowing costs, while BASF rose after lifting its sales target.

Wall Street was set for a higher open on Tuesday after Italian bond yields fell from session highs amid hopes a meeting of European finance ministers will be a step forward in resolving the region's debt crisis.

Stock index futures rose on Tuesday after Italian bond yields fell from session highs amid hopes a meeting of European finance ministers will be a step forward in resolving the region's debt crisis.

AMR Corporation (NYSE:AMR), the parent company of American Airlines and AMR Eagle, has voluntarily filed for Chapter 11 reorganization in order to improve competitiveness.

International air freight traffic was 4.8 percent lower in October than a year previously, while international passenger traffic grew 4.6 percent but at a slowing pace, the International Air Transport Association said on Monday.

A Chautauqua Airlines pilot's bathroom break caused a mid-air terror scare over New York City.

American Airlines affiliate American Eagle was fined $900,000 for excessive tarmac delays. This is the first time an airline has been charged for delays since a new law passed in April 2010.

Saturday was the 10th anniversary of the memorial for the victims of American Airlines Flight 587, and attendance was high despite the fact that the plane crashed into the nearby neighborhood of Belle Harbor a full decade ago.

Find out the best early winter vacation deals on airfare and cruises, before you pay too much.

Airlines such as Delta, JetBlue and United Continental have begun offering more flights to Cuba through licensed charter companies.

His condition was the equivalent of having severe burns over 50-60% of his body

Megan Fox will make her Broadway debut in November for the 10th annual 24 Hours Plays project. Twenty-four stars will join six writers, six directors, two musical guests and a production staff to produce six plays for the annual collaboration project where six plays are put on in 24 hours. Fox will perform on stage for the first time in 2011 for the 24 Hours Plays project.

Passengers on at least three JetBlue planes and one American Airlines plane were stranded on the tarmac in Connecticut for over seven hours.

Jack the Cat has been found at JFK International Airport. After a two-month search for the feline, which went astray at JFK Airport, Jack the Cat was found alive late Tuesday night and taken immediately to a veterinarian in Queens. He is in critical condition.

Every year, animals die as a result of traveling in cargo hold

Rajat Gupta, a former director of Goldman Sachs Group Inc and Procter & Gamble, was arrested on Wednesday on insider trading charges, making him the most prominent executive to be accused in a broad U.S. crackdown on illegal leaks of corporate secrets.

Delta Air Lines Inc's quarterly profit fell short of Wall Street expectations because of higher fuel costs, and its shares sank more than 6 percent in morning trading.

Jack the Cat has been missing for two months now, since he escaped from his carrier in the American Airlines baggage area at John F. Kennedy International Airport. But his owner and her thousands of online supporters aren't giving up hope, as Saturday was dubbed Jack the Cat Awareness Day at the airport.

The airline industry is handing out barf bags to passengers and lawmakers as part of a major advertising campaign against Obama’s proposed airline tax hikes.

Animal lovers gathered at JFK for Jack the Cat Awareness Day in honor of the flummoxed feline that went missing in the hands of American Airlines baggage handlers in August.

Holiday travelers beware! Airlines have hiked up their fares by $4 to $10 one-way, due to 3Q results and higher fuel cost.

American Airlines and its pilots resumed contract talks on Wednesday with the company's chief executive saying achieving the kind of labor-cost reductions management wants to nail down will not be easy.

Officials with AMR, the parent company of American Airlines, said Wednesday that negotiations with the pilots union are making headway.

AMR Corp, parent of American Airlines, reported a wider-than-expected quarterly loss, hurt by high fuel costs and a strong dollar.