Fondos.Net - What is the American AirlinesStock Symbol?

What is the American AirlinesStock Symbol?

The American Airlines ticker symbol appears on the New York Stock Exchange as “AMR”.

In 1982, the company was renamed AMR from the stock symbol and it is located in Fort Worth, Texas-based holding company.

Apart from the American Airlines (AA), which is incidentally the key division of AMR, the company owns the following:

American Airlines Cargo, American Airlines Facilities, the American Airlines Flight Academy, which is a flight training center and Flagship University, a corporate conference and training center in Fort Worth.

AMR also owns the American Airlines C.R. Smith Museum, the American Airlines Travel Academy, which is a school for travel industry professionals, the American Eagle, a regional feeder airline for AA.

AMR also owns two financial services oriented companies. The AMR Investment Services, a company that was established to provide financial consultancy and management services, as well as manage the AMR pension obligations while the second company is called the American Beacon family of investments.

AMR also has a non-profit organization thee AMR/American Airlines Foundation. This grant-making foundation supports charitable causes, in such cities as the Dallas/Fort Worth Metroplex, Chicago, Illinois, Miami, Florida, and San Juan, Puerto Rico.

AMR can rightfully boast that the American Airlines “knows America's spacious skies well”. For the American Airlines, American Eagle, and the AmericanConnection (a regional carrier), altogether serve more than 250 cities, regularly flies into 40 countries, such as the Americas, Europe, and the Pacific Rim. The company’s flight crews log in 3,800 flights on a daily basis.

The company also operates airport hubs in major American cities like Dallas/Fort Worth, Miami, New York, Chicago, San Juan and Puerto Rico.

No wonder AA is the world's number one air carrier with the United Airlines carrier coming in at second place.

However, in the immediate aftermath of the September 11,2001 attacks, together with other major airline carriers, AA suffered big losses in passenger and cargo fares. In a bid to counter this, AA reduced its fleet, capacity and workforce.

As a testament to its resilience, on July 27, 2005 American Airlines dedicated Phase I of a new, state-of-the-art $1.1 billion terminal at John F. Kennedy International Airport.

When completed Phase I of American's new terminal will have a dramatic, 57,000-square-foot ticketing lobby, complemented by a 65-foot ceiling and have 67 ticketing counters for the convenience of its passengers.

The lobby will be linked to a sparkling Concourse C by a 250-foot underground tunnel with escalators and moving walkways.

This terminal will have an automated baggage- handling system with four baggage carousels, at around 250 linear feet for baggage pickup.

With the completion of Phase II in 2007, the terminal has 1.5 million square feet and 36 gates. Of these total 27 gates will be allocated for jet operations, while 19 gates can be used to support arriving international flights and the remaining nine gates used for regional jets.

Even for the first-time investor, AA stock is clearly a good investment.

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