Interesting story ... I expect they will try to discharge these obligation in their bankruptcy or at least limit their use. I had no idea that such passes existed. L.A. Times: The frequent fliers who flew too much: Many years after selling lifetime passes for unlimited first-class travel, American Airlines began scrutinizing the costs — and the customers (May 5 2012) There are frequent fliers, and then there are people like Steven Rothstein and Jacques Vroom.Both men bought tickets that gave them unlimited first-class travel for life on American Airlines.It was almost like owning a fleet of private jets....Each had paid American more than $350,000 for an unlimited AAirpass and a companion ticket that allowed them to take someone along on their adventures. Both agree it was the best purchase they ever made, one that completely redefined their lives.