AMR
Parent company of American Airlines.
Headquarters:
4333 Amon Carter Boulevard
Fort Worth, TX 76155
Employees: 78,000
CEO: Gerard Arpey
Stock Symbol: AMR
Website: http://www.aa.com
Company News
Career Site
AMR is the parent company of American Airlines, one of the world's largest airlines. AMR also operates American Airlines Cargo, American Eagle regional airline and an investment services division.
American Airlines serves 250 cities in over 40 countries with more than 3,400 daily flights.
The company's main hub is in Dallas/Ft. Worth, TX. American Airlines has 620 planes including Boeing 737, 757, 767, 777, MD-80 and Airbus A-300 aicraft.
American is part of the OneWorld Alliance which allows for global travel on member airlines including British Airways, Cathay Pacific, Qantas, Iberia, Finnair, LAN and Aer Lingus.
The American Eagle network is the largest regional airline system in the world connecting passengers to and from American flights at its hubs and other key cities. It operates 270 aircraft with over 1,400 flights a day and serves 132 cities throughout the United States, Canada, The Bahamas and the Caribbean. Its eight hubs are Boston, Chicago O'Hare, Dallas/Fort Worth, Los Angeles, Miami, New York JFK, New York LaGuardia and San Juan.
AA Cargo, a division of American Airlines, provides more than 14 million pounds of daily lift capacity to major cities in Europe, Canada, Mexico the Caribbean, Central and South America, Asia and throughout the United States. Through cooperative interline agreements, AA Cargo can transport shipments to virtually any country in the world.
AMR’s headquarters in Ft. Worth occupies a total of about 1.4 million square feet and is home to more than 4,300 employees.
In 2009, AMR reported revenues of $19.9 billion and a net loss of $1.5 billion. The company was hurt by the recession which affected travel.
"In 2009, our company once again proved its resiliency and ability to battle through challenges while continuing to work toward a successful future," said AMR Chairman and CEO Gerard Arpey. "The fuel crisis of 2008 was replaced by the worst recession in decades, which hurt travel demand severely, and tight capital markets. Yet, we took steps to address those challenges by bolstering our liquidity and financial flexibility and remaining disciplined with capacity. At the same time, we strengthened our global network, reinvested in our fleet and products, and made strides to improve our dependability and our customers' experience."
The company reported a record load factor (percentage of seats filled) of 81.1% on American Airlines in the fourth quarter of 2009. Average fuel costs for the company were $2.14 per gallon at the end of 2008 which includes hedging.
American also is charging customers $25 for the first checked bag and $35 for second checked bags on domestic flights.
The company says employment has dropped by over 3,000 during the past year.
History
On the morning of April 15, 1926, a young aviator named Charles A. Lindbergh stowed a bag of mail in his little DH-4 biplane and took off from Chicago for St. Louis. Later that day, he and two other pilots flew three plane loads of mail from St. Louis to Chicago.
At the time, Lindbergh was chief pilot of Robertson Aircraft Corporation of Missouri, which was the second aviation company to hold a U.S. airmail contract. It was one of scores of companies that eventually consolidated to form the modern-day American Airlines.
The consolidation began in 1929, when The Aviation Corporation was formed to acquire young aviation companies, including Robertson. In 1930, The Aviation Corporation's airline subsidiaries were incorporated into American Airways, Inc. In 1934, American Airways became American Airlines, Inc.
On May 13, 1934, Cyrus Rowlett Smith became president of American. Except for a period during World War II, "Mr. C.R." continued as chief executive officer until 1968, when he was named U.S. Secretary of Commerce.
On June 25, 1936, American was the first airline to fly the Douglas DC-3 in commercial service. By the end of the decade, American was the nation's number one domestic air carrier in terms of revenue passenger miles. On Feb. 16, 1937, American carried its one-millionth passenger.
American Airlines began trading on the New York Stock Exchange on June 10, 1939.
Company headquarters were relocated from NYC to Fort Worth in 1979.
In 1982, the company took the name AMR Corporation using the letters from its stock symbol.
In 1984, American Airlines established American Eagle as its regional airline affiliate.
Benefits
American's benefits and many other employment privileges are extended to family members and domestic partners.
Health and Life Benefits
American has an outstanding package of health and life benefits for employees and their families. We offer a variety of medical plans, dental, life, disability, vision, as well as optional plans such as long term care, legal aid, and reimbursement accounts.
Savings and Retirement
Employees can take advantage of a number of financial benefits, including an outstanding employee credit union, 401(k) matching funds, profit sharing, and incentives.
Travel
Benefits are important to our employees and their families, but it's our travel privileges that put the fun in the total package. Our employees, their families, and friends enjoy the ability to travel almost anywhere in the world on American and American Eagle. Plus they can take advantage of discounted travel on other airlines and enjoy special rates on hotels, car rentals, cruises and more.
Updated January 21, 2010
|