American Airlines - AMR
Industry: Airline

In 1982, stockholders voted to approve a plan of reorganization under which a new holding company, AMR Corp., was formed and became the parent company of American Airlines® . The name "AMR" was taken from the airline's three-letter New York Stock Exchange symbol. AMR, the parent company for American Airlines, has a number of businesses within its corporate structure including: American Airlines American’s Passenger division is the largest scheduled passenger airline in the world. American provides scheduled jet service to destinations throughout North America, the Caribbean, Latin America, Europe and the Pacific, serving 172 cities with a fleet of 840 aircraft. In 2001, American carried more than 80 million passengers. Exchange symbol

Business Summary
AMR Corporation (AMR) operates primarily in the airline industry through its principal subsidiary American Airlines, Inc. (American). For the year ended December 31, 2004 (2004), American provided scheduled jet service to approximately 150 destinations throughout North America, the Caribbean, Latin America, Europe and the Pacific. AMR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of AMR, owns two regional airlines: American Eagle Airlines, Inc. and Executive Airlines, Inc. (Executive) (collectively, the American Eagle carriers). American also contracts with three independently owned regional airlines, which does business as the American Connection (the American Connection carriers). The American Eagle carriers and the American Connection carriers provide connecting service from eight of American's high-traffic cities to smaller markets throughout the United States, Canada, Mexico and the Caribbean. AMR Investment Services, Inc. is a wholly owned subsidiary of AMR.

Financial Summary
For the nine months ended 30 September 2005, AMR Corporation's revenue increased 10% to $15.54B. Net loss decreased 31% to $257M. Revenue reflects an increase in passenger revenues and cargo revenues. Lower losses also reflect a decrease in wages, salaries & benefits, lower depreciation & amortization, lower expense on aircraft rental, decreased food service expenses and increased interest income.