Letter to the Editor

New paint, no money

San Luis ObispoFebruary 13, 2013 

American Airlines has been in bankruptcy protection for 14 months and has asked for an extension.

They lost about $2 billion in 2012. The employees’ pensions were threatened to be turned over to the federal government, and stockholders get nothing.

Last month, American’s CEO Tom Horton paints all the airplanes a fancy new color! Now they are trying to merge with US Airways.

If that happens, guess what: a new paint job again. I am certain that the creditors, stockholders and employees would have liked to have payment and not new paint.

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