AMR Corporation

The AMR Corporation is an American holding company headquartered in Fort Worth, Texas. It was founded in 1982 and since then has been the parent company of the airline American Airlines. In addition to holding company include airlines TWA Airlines (formerly Trans World Airlines ) and the regional American Eagle Airlines (formerly Simmons Airlines ), and through its subsidiary, AMR Eagle Holdings Corporation Executive Airlines in Puerto Rico. In addition, AMR at the Aero Perlas, a regional airline in Panama, holds a minority stake. More - independent - Airlines ( Chautauqua Airlines, Trans States Airlines) cooperate with AMR under the retail brand American Connection. The shares of AMR Corporation is listed on the New York Stock Exchange and is represented in the stock market indices Dow Jones Composite Average and Dow Jones Transportation Average. CEO, Chairman and President Gerard J. Arpey.

Economic crisis

AMR has come in the third quarter of 2009 due to the economic crisis and the reduction in their fleet deep into the red. The loss amounted to 359 million U.S. dollars. A year earlier only the sale of American Beacon Advisors consulting firm AMR had helped to a small profit of 31 million dollars. In the quarter to the end of September 2009, sales in AMR fell by a fifth to 5.1 billion U.S. dollars. The operating loss amounted to $ 194 million and was thus slightly lower than a year earlier.

29 November 2011 AMR reported with various subsidiaries, including American Airlines, bankruptcy and creditor protection in Chapter 11.

Merger with U.S. Airways

In February 2013, U.S. Airways and AMR Corporation announced to join together the largest airline in the world. The company will be called American Airlines and have its headquarters in Fort Worth.