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AMR News

News on AMR (Ticker: AMR) continually updated from thousands of sources around the net.

Yesterday | Dallas Morning News

Horton's severance package again under fire from U.S. agency

A nearly $20 million severance package for AMR Corp. chairman and CEO Tom Horton may yet become a major stumbling block to AMR and American Airlines' plan to exit bankruptcy.

Comment?

Related Topix: Airlines, US News, Dallas, TX

Friday | The Washington Post

Citigroup Presses AMR to Decide on Keeping Credit-Card Tie

Citigroup Inc. asked the judge overseeing American Airlines' bankruptcy to force the carrier to decide by July 2 whether to retain the bank's partnership in its loyalty credit-card and mileage program or risk a multibillion- dollar claim.

Comment?

Related Topix: Banking, Financial Services, Citigroup, CitiMortgage, Airlines, Economics News, Bankruptcy, Fort Worth, TX

Friday | Reuters

U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton

A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.

Comment?

Related Topix: Airlines, Economics News, Bankruptcy, Transportation, US Airways Group, US News

Friday | Seeking Alpha

American Airlines Shares Keep Climbing Higher After Recovering From A Near-Fatal Tailspin

What a difference 6 months makes! Not long ago, AMR Corporation , parent company of American Airlines, was a penny stock on the pink sheets headed for a slow and seemingly inevitable death.

Comment?

Related Topix: Airlines, Economics News, Bankruptcy

Thu May 23, 2013

SBWire

How AMR Corporation (OTCMKTS:AAMRQ) Is Contributing for Affectees of Oklahoma Tornado

AMR Corporation is working with American Red Cross through American Airlines and American Eagle to help the people ho have been affected by the tornadoes that struck Oklahoma.

Comment?

Related Topix: Airlines, Mary Fallin, US Governors

Fri May 17, 2013

Star-Telegram.com

Three AMR executives sell shares from options

Since the merger with US Airways was announced, the Fort Worth-based carrier's shares have soared over 400 percent to $6.55. Usually, common stock is considered worthless after a company enters bankruptcy because shareholders are often wiped out when the company restructures.

Comment?

Related Topix: Airlines

Thu May 16, 2013

Star-Telegram.com

American and US Airways wants authorization for more stock as part of its merger

American Airlines'parent company, AMR Corp., and US Airways want authorization for more shares of stock than it had originally proposed as part of its merger agreement.

Comment?

Related Topix: Airlines, Securities and Exchange Commission, Corporate / Securities Law, Law

Mon May 13, 2013

Airport Business

American Airlines Settles Safety Claims for $24.9M

American Airlines has agreed to pay $24.9 million to settle $162 million in potential fines that were proposed by U.S. safety regulators.

Comment?

Related Topix: US News, Federal Aviation Administration, Airlines, Economics News, Bankruptcy, Commercial Aircraft, Aircraft, McDonnell-Douglas Aircraft, McDonnell Douglas MD-80, Boeing Aircraft, Boeing 757

Sun May 12, 2013

Business Journal

Judge officially OKs American Airlines, US Airways merger

The merger between American Airlines and US Airways has been officially approved by the U.S. Bankruptcy Judge handling the bankruptcy of American's parent company AMR Corp.

Comment?

Related Topix: Airlines

Fri May 10, 2013

Dallas Morning News

American-US Airways merger formally approved by bankruptcy judge.

U.S. Bankruptcy Judge Sean Lane on Friday made official a ruling he gave from the bench March 27, signing an order approving the merger of US Airways Group Inc.

Comment?

Related Topix: US Airways Group, Transportation, Airlines, Dallas, TX

SBWire

Will Korean Flight Route Be Profitable for AMR Corporation

AMR Corporation is making plans to start its services for the Incheon city of South Korea.

Comment?

Related Topix: Airlines, South Korea, World News, Travel, South Korea Travel, Asia Travel, Fort Worth, TX

Fox News

American Air, US Airways Take Steps Toward Worker Integration

American Airlines is seeking bankruptcy-court approval for its plans to integrate its union workers with those of US Airways Group Inc.

Comment?

Related Topix: Transportation, Airlines, US Airways Group, Economics News, Bankruptcy, Business News

The Spokesman-Review

In brief: American Airlines settles FAA safety case - Fri, 10 May 2013 PST

American Airlines has agreed to pay $24.9 million to settle $162 million in potential fines that were proposed by U.S. safety regulators.

Comment?

Related Topix: US News, Federal Aviation Administration, us Travel, Travel, Transportation, Airlines, Economics News, Bankruptcy

Thu May 09, 2013

The Washington Post

American's $3.25 Billion in Bankruptcy Loans Win Approval

AMR Corp., the airline merging with US Airways Group Inc., won a judge's approval to borrow as much as $3.25 billion as it moves toward exiting bankruptcy.

Comment?

Related Topix: Economics News, Bankruptcy, Transportation, Airlines, US Airways Group, US News, Federal Aviation Administration, Business News

Bellingham Herald

American Airlines settles safety claims for $24.9M

American called the payment "a reasonable resolution" to the Federal Aviation Administration's claims that it had violated safety regulations involving electrical wiring on planes and other issues.

1 comment

Related Topix: US News, Federal Aviation Administration, Airlines, Economics News, Bankruptcy, Commercial Aircraft, Aircraft, McDonnell-Douglas Aircraft, McDonnell Douglas MD-80, Boeing Aircraft, Boeing 757

Airport Business

American Airlines: Proposes Settlement With U.S. Bank

American Airlines Inc. asked the U.S. Bankruptcy Court in Manhattan to approve a settlement agreement with U.S. Bank National Association.

Comment?

Related Topix: Economics News, Bankruptcy, US News, Federal Aviation Administration, Airlines, New York

AmericanBankingNews.com

Armour Group PLC's "Corporate" Rating Reaffirmed at FinnCap

's stock had its "corporate" rating reaffirmed by research analysts at FinnCap in a report released on Thursday, Analyst Ratings Network.com reports.

Comment?

Related Topix: Airlines

Business Journal

American Airlines' Latin American traffic up, the rest down

AMR Corp. , parent of American Airlines and American Eagle , said international travel to Latin America increased 4 percent in April, but saw an overall decline in traffic in its other markets.

Comment?

Related Topix: Airlines, Fort Worth, TX

Wed May 08, 2013

Star-Telegram.com

AMR says passenger traffic dropped 1.1 percent in April

AMR Corp. said its consolidated passenger traffic declined 1.1 percent in April as the Fort Worth-based carrier increased capacity by 0.4 percent.

Comment?

Related Topix: Airlines, Fort Worth, TX

Mon May 06, 2013

Washington Examiner

Leadership of American-US Airways to be named soon

The companies announced in February that they planned to merge and create the world's biggest airline.

Comment?

Related Topix: US Airways Group, Transportation, Airlines

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