AMR Corporation
| AMR Corporation
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | October 1, 1982 |
| resolution | December 9, 2013 |
| Reason for dissolution | Merger with US Airways Group to form American Airlines Group |
| Seat |
Fort Worth , United States
|
| management | Thomas W. Horton (President & CEO ) |
| Number of employees | 77,750 (2012) |
| sales | $ 5.1 billion (2009) |
| Branch | transport |
| Website | www.aa.com |
The AMR Corporation was an American holding company based in Fort Worth , Texas .
history
The company was founded in 1982 and was the parent company of American Airlines . The holding also included the airlines Trans World Airlines , American Eagle Airlines and, via the subsidiary AMR Eagle Holdings Corporation, the Executive Airlines in Puerto Rico . AMR also cooperated with the airlines Chautauqua Airlines and Trans States Airlines under the American Connection brand .
Economic crisis
AMR got into the red in the third quarter of 2009 due to the economic crisis and the reduction of its fleet, the loss amounted to 359 million US dollars. A year earlier, only the sale of the consulting firm American Beacon Advisors had helped AMR to a profit of 31 million dollars. In the quarter ended September 2009, AMR's revenue plummeted by a fifth to $ 5.1 billion. The operating loss was $ 194 million.
On November 29, 2011, AMR filed for Chapter 11 bankruptcy and bankruptcy protection with various subsidiaries, including American Airlines.
Merger with USAirways
In February 2013, US Airways and AMR Corporation announced that they were joining forces to create the world's largest airline, USAirways.
Individual evidence
- ↑ http://www.google.com/finance?q=PINK%3AAAMRQ&fstype=ii&ei=ilR2UMi9N8OzkAXu2QE
- ↑ AMR deep in the red, October 21, 2009
- ↑ kng / DPA: American Airlines is taking refuge in bankruptcy. US airline. In: stern.de. November 9, 2011, accessed January 1, 2014 .
- ^ The New American Airlines ( Memento from February 16, 2013 in the Internet Archive )