When did American Airlines and Kodak file for bankruptcy?

Why did they file?

Look up financial information for each the year before they filed.

Did they make a loss the year before they filed for bankruptcy? How much?

How about the 2 years before they filed?

Were sales growing or shrinking before bankruptcy, how much?

If they had a loss before they filed for bankrupcy, why did they stay in business?

How many assets did they have? What kinds of assets were those?

Which company do you think had higher fixed costs versus variable costs? Are there differences in their cost structure that might allow one to operate at a loss while the other does not?