Mexicana Airlines operates in 65 locations across the world, has almost 70 planes, and carried 1.1 million passengers in 2009.  They are also the largest foreign carrier at Los Angeles International Airport.  Despite their apparent success, yesterday Mexicana announced that they had filed for bankruptcy protection in both the United States and Mexico.

The company stated in their announcement that they hope filing for bankruptcy will allow them to reorganize its liabilities and “bring its cost structure, particularly labor costs, into line with market conditions”.  Mexicana has cited both the global economic crisis and the H1N1 epidemic as serious contributors to their financial troubles, however one of the main issues they are focusing on is employee salaries.  The airline claims that their employees, specifically pilots and flight attendants, are paid 185 percent higher salaries than that of their competitors.  Financial officials at Mexicana are considering cutting employee salaries by approximately 40 percent.

If you or someone you know is considering filing for bankruptcy protection, contact the Milwaukee personal bankruptcy lawyers of DeLadurantey Law Office at 414-377-0518 to learn more about your rights.