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For how many times has AFL filed for bankruptcy so far?

  • Once

  • Twice

  • Three times

  • Four times

Answer

AFL has filed for bankruptcy twice so far. The first time was in 1995, when it was unable to pay its debts due to a financial crisis in the airline industry. The second time was in 2011, when it was again unable to pay its debts due to a number of factors, including the economic recession and high fuel costs.
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