Mexicana Airlines announced on Tuesday that they have filed for bankruptcy protection in both the United States and Mexico.

Mexicana Airlines travels to 65 destinations all over the world, has almost 70 planes, and last year carried 1.1 million passengers.  They are also the largest foreign carrier airline at Los Angeles International Airport.

The company has cited several reasons for their financial troubles, including the global economic crisis and the H1N1 epidemic.  However, the main issue they are addressing is their high employee salaries.  Mexicana claims that their employees, particularly flight attendants and pilots, are paid 185 percent more than that of their Mexican competitors.  Financial officials at Mexicana are discussing cutting employees salaries by approximately 40 percent in order to “bring its cost structure…into line with market conditions” and restructure its liabilities.

If you or someone you know is considering filing for bankruptcy protection, contact the Galveston bankruptcy lawyers of Gipson, Norman & Root at 281-332-4800 to learn more about your rights.