Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
Less than two weeks after saying it wouldn’t declare bankruptcy, Aeromexico pulled the trigger and filed for Chapter 11 today.
The airline said in a statement that it filed for voluntary Chapter 11 petitions in the United States.
“The Company intends to use the Chapter 11 process to strengthen its financial position and implement necessary operational changes to address the impact of the ongoing COVID-19 pandemic and create a sustainable platform for the future,” Aeromexico said.
But it’s still business as usual (well, in this environment.). In fact, Aeromexico “expects to double the number of its domestic flights and quadruple the number of international flights as compared to June.”
On June 19, FlightGlobal reported the airline had no intention of filing for bankruptcy.
If you have existing Aeromexico tickets, reservations, vouchers, or Premier Points, let not your heart be troubled. They will still be “valid and available for use.”
Final Approach
We hate seeing airlines in financial trouble. It’s bad news for travelers, of course, but also for airline employees.
Aeromexico MQD runs have been pretty lucrative for people seeking Delta Medallion status. So on a less important note (than, you know, people’s jobs), let’s hope everything works out for AM.
Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Earn American Express® Business Gold Card100,000 bonus Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Gold Card within the first three (3) months of being approved for card membership. Plus, enjoy a 0% introductory APR for the first six (6) months from the date of account opening on purchases eligible for Pay Over Time, then a 18.99% to 27.99% variable APR. (See Rates & Fees) Terms apply.. Learn more here.
The Business Platinum Card® from American Express: Earn 150,000 bonus American Express® Membership Rewards® points after you spend $20,000 on eligible purchases on the card within the first three (3) months of being approved for card membership. Terms apply.. Plus, enjoy select airport lounge access, statement credit opportunities, and more! Read here why we love this card.
Ink Business Cash® Credit Card: $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. That's up to $750 bonus cash back (awarded as 75,000 bonus points). Read more here.
Any idea what happens to aero mexico points? I got a good amount stored away.
As per the announcement and mentioned in the post, Aeromexico says points are fine and safe.
not good what is DeltA SAYING about this??