AMR (a publicly held company) was formed as a holding company in 1982 through a restructuring plan; this became the parent company to American Airlines. American Airlines began trading on the New York Stock Exchange on June 10, 1939.
¡§American Airlines is the largest airline in the world in terms of total passengers transported and fleet size, and the second-largest airline in the world (behind Air France-KLM) in terms of total operating revenues.¡¨
American¡¦s mission statement is: ¡§American Airlines and American Eagle are in business to provide safe, dependable, and friendly air transportation to our customers, along with numerous related services. We are dedicated to making every flight you take with us something special. Your safety, comfort, and convenience are our most important concerns¡¨.
The basic profit-generating idea behind the company is "long-term survival will require it to be leaner, more efficient and more productive ¡V a business model contingent upon labor agreements that allow American to compete more effectively in the new aviation marketplace."
The industry¡¦s congestion combined with many carriers... [continues]
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