AMR Corporation
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| Public | |
| Traded as | OTCQB: AAMRQ |
| Industry | Aviation |
| Fate | Chapter 11 bankruptcy, then later merged with US Airways Group; emerged from Chapter 11 bankruptcy on December 9, 2013 as American Airlines Group |
| Founded | October 1, 1982 |
| Defunct | December 9, 2013 |
| Headquarters | Fort Worth, Texas, U.S. |
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Area served
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Worldwide |
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Key people
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| Services | Airline services |
| Revenue |  US$ 24.855 billion (2012) |
 US$ -1.172 billion (2011) |
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US$ -1.876 billion (2012) |
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| Total assets |
US$ 23.51 billion (2012) |
| Total equity |
US$ -7.111 billion (2011) |
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Number of employees
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77,750 (2012) |
| Website | www |
AMR Corporation was a commercial aviation business and airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. AMR filed for Chapter 11 bankruptcy in November 2011, and merged with US Airways Group on December 9, 2013 to form American Airlines Group, Inc.
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 .
On November 29, 2011, AMR Corporation filed for Chapter 11 reorganization bankruptcy with $4 billion of cash.
The decision came as the airline tried to "achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers," the company said in a statement. American Airlines stated that despite the filing it was continuing normal operations. Chairman and CEO Gerard Arpey stepped down and was replaced by company president Thomas W. Horton.
American was the last of the remaining legacy airlines in the US to file for bankruptcy, and thus there are no remaining legacy carriers that have not taken advantage of Chapter 11.
The Air Transport Association group said that unofficial research states that AMR was the 100th airline company to go into bankruptcy protection since 1990.
On December 2, 2011, AMR Corporation was replaced by Alaska Air Group in the Dow Jones Transportation Average.
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Wikipedia