US Airways Shareholders Approve Merger With American Airlines

        US Airways Shareholders Approve Merger With American Airlines

PR Newswire

TEMPE, Ariz., July 12, 2013

TEMPE, Ariz., July 12, 2013 /PRNewswire/ -- US Airways Group, Inc. (NYSE: LCC)
today announced that its shareholders approved the merger agreement with AMR
Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc.

(Logo: http://photos.prnewswire.com/prnh/20120103/LA28814LOGO)

The merger agreement was approved by the affirmative vote of the holders of a
majority of the outstanding shares of US Airways stock, which represented over
99% of the votes cast by US Airways shareholders on the proposal. Of the
132,788,060 shares voted, 132,273,780 shares voted in favor of the proposal;
257,757 shares voted against; and 256,523 abstained. Shareholders also
approved other proposals related to the merger.

Doug Parker, chairman and CEO of US Airways, and incoming CEO of the combined
company, said, "We are pleased that our shareholders overwhelmingly supported
our merger with American Airlines. This approval is a major milestone on our
path to completing the merger, and we continue to make excellent progress
overall thanks to the focused efforts of the dedicated representatives from
both companies. By bringing together two highly complementary networks and
generating significant revenue synergies, the new American Airlines will
deliver enhanced value for its shareholders. I want to thank our
shareholders, our customers and our more than 100,000 dedicated employees for
their support throughout this process and look forward to moving forward as an
even stronger airline."

As previously announced, AMR and US Airways agreed to combine to create the
new American Airlines, a premier global carrier. Headquartered in Dallas-Fort
Worth, the new American Airlines will become a highly competitive alternative
for consumers to other global carriers and is expected to offer more than
6,700 daily flights to 336 destinations in 56 countries. The combined airline
will offer customers more choices and increased service across a larger
worldwide network and through an enhanced oneworld® Alliance. Together,
American Airlines and US Airways are expected to operate a mainline fleet of
almost 950 aircraft and employ more than 100,000 team members worldwide.

The merger is subject to regulatory approvals, other customary closing
conditions and confirmation of AMR's Plan of Reorganization by the U.S.
Bankruptcy Court for the Southern District of New York. The companies
continue to expect to complete the combination in the third quarter of 2013.

About US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates
more than 3,100 flights per day and serves 198 communities in the U.S.,
Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South
America. The airline employs more than 32,000 aviation professionals
worldwide, operates the world's largest fleet of Airbus aircraft and is a
member of the Star Alliance network, which offers its customers more than
21,900 daily flights to 1,328 airports in 195 countries. Together with its US
Airways Express partners, the airline serves approximately 80 million
passengers each year and operates hubs in Charlotte, N.C., Philadelphia,
Phoenix and Washington, D.C. Aviation Week and Overhaul & Maintenance magazine
presented US Airways with the 2012 Aviation Maintenance, Repair and Overhaul
(MRO) of the Year Award for demonstrating outstanding achievement and
innovation in the area of technical operations. Military Times Edge magazine
named US Airways as a Best for Vets employer for the past three years. US
Airways was, for the third year in a row, the only airline included as one of
the 50 best companies to work for in the U.S. by LATINA Style magazine's 50
Report. The airline also earned a 100 percent rating on the Human Rights
Campaign Corporate Equality index for six consecutive years. The Corporate
Equality index is a leading indicator of companies' attitudes and policies
toward lesbian, gay, bisexual and transgender employees and customers. For
more company information visit usairways.com, follow on Twitter @USAirways or
at Facebook.com/USAirways. (LCCG)

Additional Information and Where To Find It

This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval. AMR
Corporation ("AMR") has filed with the Securities and Exchange Commission
("SEC") a registration statement on Form S-4, which includes a proxy statement
of US Airways Group, Inc. ("US Airways") that also constitutes a prospectus of
AMR, and US Airways has filed with the SEC its definitive proxy statement on
Schedule 14A. AMR and US Airways have mailed the proxy statement/prospectus
to US Airways security holders. Investors and security holders of US Airways
are urged to read the proxy statement/prospectus and other relevant documents
filed with the SEC carefully and in their entirety because they contain
important information about the proposed transaction. Investors and security
holders may obtain free copies of the proxy statement/prospectus and other
documents containing important information about AMR and US Airways through
the website maintained by the SEC at http://www.sec.gov. Copies of the
documents filed with the SEC by US Airways can be obtained free of charge on
US Airways' website at www.usairways.com or by directing a written request to
US Airways Group, Inc., 111 West Rio Salado Parkway, Tempe, Arizona 85281,
Attention: Vice President, Legal Affairs. Copies of the documents filed with
the SEC by AMR can be obtained free of charge on AMR's website at www.aa.com
or by directing a written request to AMR Corporation, P.O. Box 619616, MD
5675, Dallas/Fort Worth International Airport, Texas 75261-9616, Attention:
Investor Relations or by emailing investor.relations@aa.com.

Cautionary Statement Regarding Forward-Looking Statements

This document includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements may be identified by words such as "may," "will," "expect,"
"intend," "anticipate," "believe," "estimate," "plan," "project," "could,"
"should," "would," "continue,"  "seek," "target," "guidance," "outlook,"
"forecast" and other similar words. These forward-looking statements are
based on AMR's and US Airways' current objectives, beliefs and expectations,
and they are subject to significant risks and uncertainties that may cause
actual results and financial position and timing of certain events to differ
materially from the information in the forward-looking statements. The
following factors, among others, could cause actual results and financial
position and timing of certain events to differ materially from those
described in the forward-looking statements: the challenges and costs of the
proposed transaction, including integrating operations and achieving
anticipated synergies; the price of, market for and potential market price
volatility of common stock of the ultimate parent entity following the closing
of the proposed transaction; significant liquidity requirements and
substantial levels of indebtedness of the combined company following the
closing; potential limitations on the use of certain tax attributes following
the closing; failure of the proposed transaction to be completed; and other
economic, business, competitive, and/or regulatory factors affecting the
business of the combined company after the closing and the businesses of US
Airways and AMR generally, including those set forth in the filings of US
Airways and AMR with the SEC, especially in the "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" sections of their respective annual reports on Form 10-K and
quarterly reports on Form 10-Q, their current reports on Form 8-K and other
SEC filings, including the registration statement and the proxy
statement/prospectus related to the proposed transaction. Any forward-looking
statements speak only as of the date hereof or as of the dates indicated in
the statements. Neither AMR nor US Airways assumes any obligation to publicly
update or supplement any forward-looking statement to reflect actual results,
changes in assumptions or changes in other factors affecting these
forward-looking statements except as required by law.

-Fly with US-

SOURCE US Airways

Website: http://www.usairways.com
Contact: 480-693-5729
 
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