American’s bankruptcy won’t disrupt Knoxville flights — for now

American Airlines service to Knoxville will continue as scheduled even though the company has Airfare Hike.JPGfiled bankruptcy, a spokeswoman for the Metropolitan Knoxville Airport Authority said Tuesday.

“We anticipate flights will continue as normal and if people have tickets they will be honored,” Airport Authority spokeswoman Becky Huckabee said.

American Eagle, a subsidiary of the Forth Worth-based airline, operates 10 flights per day out of McGhee Tyson.

Ferquent fliers are getting used to this. Bankruptcy has become standard procedure for major airlines. In recent years, Delta, Northwest, US Airways and United have all filed bankruptcy.

In the short run, American’s bankruptcy could push prices down in some markets as competition heats up. Long-term, however, it likely will mean fewer flights in many cities as American cuts costs as it revamps operations.

Here’s more:

CNNMoney: If you’re flying American, don’t worry

Video: American Airlines CEO explains bankruptcy

Photo: Associated Press