AMR Corporation

116px
Type	Public
Traded as	OTCQB: AAMRQ
Industry	Transportation
Founded	1982
Headquarters	Fort Worth, Texas, United States
Area served	Worldwide
Key people	Thomas W. Horton (Chairman and CEO)
Services	Airline services
Revenue	US$ 22.170 billion (2010)[1]
Operating income	US$ 308 million (2010)[1]
Net income	US$ -471 million (2010)[1]
Total assets	US$ 25.088 billion (2010)[1]
Total equity	US$ -3.945 billion (2010)[1]
Employees	73,800 (2012), before axe 13,000 jobs
Subsidiaries	List of subsidiaries
Website	www.aa.com

The sign of the headquarters of AMR Corporation and American Airlines

AMR Corporation (OTCQB: AAMRQ) is a commercial aviation business and airline holding company based in Fort Worth, Texas, United States,^[2] known for being the parent company of American Airlines. The company also owns AMR Eagle Holdings Corporation, which operates the regional airlines American Eagle Airlines and Executive Airlines. AMR's and AA's Chairman, President, and CEO is Thomas W. Horton.^[3] The company filed for Chapter 11 bankruptcy in November 2011.

History[link]

This section requires expansion.

AMR corporation was formed in 1982, as part of American Airlines's non-bankruptcy reorganization into a Delaware corporation, its name derives from American Airlines's former ticker symbol on the New York Stock Exchange.

On November 29, 2011, AMR Corporation filed for Chapter 11 reorganization bankruptcy.^[4] The Air Transport Association group said that unofficial research states that AMR was the 100th airline company to go into bankruptcy protection since 1990.^[5]

On December 2, 2011, AMR Corporation was replaced by Alaska Air Group in the Dow Jones Transportation Average.

In early February 2012 the company said it will eliminate 13,000 jobs or about 18 percent (including 15 percent management positions) of American's 73,800 employees to cut annual operating costs by 20 percent or $2 billion and boost revenue by $1 billion.^[6] Since 2001, accumultive losses of the company was $11 billion.^[7]

Airline subsidiaries and divisions[link]

• American Airlines
  • AA Real Estate Holding^[8]
  • Admirals Club, Inc.^[8]
  • American Airlines de Mexico, S.A.^[8]
  • American Airlines de Venezuela, S.A.^[8]
  • American Airlines Marketing Services LLC^[8]
  • American Airlines Realty (NYC) Holdings, Inc.^[8]
  • American Airlines Vacations LLC^[8]
  • American Aviation Supply LLC^[8]
  • Packcall Limited^[8]
  • Texas Aero Engine Services, L.L.C, dba TAESL^[8]
• AMR Eagle Holding Corporation^[9]
  • American Eagle Airlines Inc. a regional feeder airline for AA
  • Eagle Aviation Services^[8]
  • Executive Airlines Inc., operating American Eagle's ATR aircraft fleet
• AMR owns a 20% share of Aeroperlas^[10]

Fleet[link]

AMR Corporation fleet

American Airlines operates 605 aircraft as of April 2012 with 451 on order.^[11] American Airlines has ordered 460 new planes, 260 A320neo from Airbus and 200 737s from Boeing over the next 5 years. It will also take options and purchase rights for up to 465 additional planes through to 2025.

American Eagle Airlines, AMR's regional subsidiary operates 284 aircraft including 39 which are operated by Executive Airlines, another subsidiary of AMR Corporation.

Non-AMR Corporation fleet

Fifteen aircraft are operated by Chautauqua Airlines under the American Connection brand. Chautauqua is not owned by AMR but operates aircraft for American Eagle.

Aviation business subsidiaries and divisions[link]

• American Airlines Cargo
• American Airlines C.R. Smith Museum,^[12] a museum of commercial aviation in Fort Worth
• American Airlines Facilities
• American Airlines Travel Academy, a school for travel industry professionals
• AmericanConnection (Operators Trans States Airlines, Chautauqua Airlines are independent of AMR)
• American Airlines Flight Academy, a flying school
• Flagship University, a corporate conference and training center in Fort Worth.

American Airlines Foundation[link]

AMR sponsors the AMR/American Airlines Foundation, a grant-making foundation which supports charitable causes in cities served by AA, in particular the Dallas/Fort Worth Metroplex, Chicago, Illinois, Miami, Florida, Saint Louis, Missouri, and San Juan, Puerto Rico.

Property[link]

AMR Corporation owns a five story townhouse, London Residence LON6526, in Cottesmore Gardens, Kensington, London. As of 2011 it is worth 30 million U.S. dollars. Many large companies own or rent property for use of executives who are working abroad. When AMR Corporation asked for Chapter 11 bankruptcy protection, LON6526 was one of the eight owned properties the company declared.^[13] The airline purchased the complex in 1992 for 6.3 million British pounds (US$9.8 million). Nina Campbell, an interior designer, had renovated the property. Sean Collins, an AMR spokesperson, said that AMR may sell the townhouse.^[14] Richard Tilton, a lawyer with specialization in bankruptcy and the director of Sheldon Good & Co., said that the property is "like the corporate jets that the executives at GM and Chrysler were forced to give up during their reorganizations," and "Symbols of corporate suite excess are not likely to survive a Chapter 11 reorganization that is supposed to be fair and equitable."^[14]

AMR Corporation's former certificated airline holding acquisitions[link]

• Air Cal
• Command Airways
• Metroflight
• Reno Air
• Simmons Airlines
• Trans World Airlines
• Wings West Airlines

References[link]

External links[link]

	Texas portal
	Dallas portal
	Companies portal

• Yahoo! - AMR Corporation Company Profile
• American Airlines/AMR Corp. Home Page
• AMR Corportation (Archive)

v t e Airline holding companies of the United States Current Alaska Air Group AMR Corporation Hawaiian Holdings Global Aviation Holdings Mesa Air Group Republic Airways Holdings Pinnacle Airlines Corp. SkyWest, Inc. Southwest Airlines Co. Trans States Holdings United Continental Holdings US Airways Group Former AirTran Holdings Amtran America West Holdings BIA-COR Holdings Inc. Icahn & Co. Frontier Airlines Holdings MAIR Holdings Midwest Air Group Metro Airlines Northwest Airlines Corporation Pan Am Corporation Pan Am Systems Texas Air Corporation Trans World Corporation TPG Capital Transamerica Corporation UAL Corporation See also: List of airline holding companies