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American Airlines Group Common Stock To Be Listed On The NASDAQ



       American Airlines Group Common Stock To Be Listed On The NASDAQ

PR Newswire

FORT WORTH, Texas, and TEMPE, Ariz., Nov. 15, 2013

FORT WORTH, Texas, and TEMPE, Ariz., Nov. 15, 2013 /PRNewswire/ -- AMR
Corporation (OTCQB: AAMRQ), whose principal operating subsidiary is American
Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) today announced that
they have applied to list the common stock of the combined company on the
NASDAQ Global Select Market. Upon closing of the merger and AMR's emergence
from Chapter 11, the combined company will be renamed American Airlines Group
Inc. and will use the ticker symbol "AAL." Additionally, the common stock of
both US Airways Group, Inc. and AMR Corporation will be cancelled and
shareholders will receive equity interests in American Airlines Group Inc. per
the terms of the Merger Agreement and Plan of Reorganization.

(Logo: http://photos.prnewswire.com/prnh/20130208/DA56847LOGO)

"Today we moved another step closer in our preparations to launch the new
American Airlines. NASDAQ offers a most advanced trading platform driven by
innovation and efficiency – qualities that complement the new American," said
Tom Horton, AMR's chairman, president and CEO, and incoming chairman of the
board of the new American Airlines.

"We are very excited about the listing of our shares on the NASDAQ Global
Select Market," said Doug Parker, chairman and CEO, US Airways, and incoming
CEO of the new American Airlines. "The combined airline will have a strong
financial foundation and is poised to deliver significant value to
shareholders as a result of its robust global network. We are excited about
what's ahead for the new American and what we will be able to deliver for our
investors, customers, employees and other stakeholders."

"NASDAQ congratulates American Airlines and US Airways on their pending
merger, which will solidify the company's presence as a premier global
airline," said Bob Greifeld, CEO of NASDAQ OMX. "We are pleased to have the
new American Airlines call NASDAQ home and we look forward to celebrating many
milestones with the company and its shareholders in the years to come."

Completion of the merger remains subject to approval by the U.S. Bankruptcy
Court and certain other conditions. The companies expect to complete the
merger in December 2013, assuming such approval is given and other conditions
are met.

About American Airlines

American Airlines focuses on providing an exceptional travel experience across
the globe, serving more than 270 airports in nearly 50 countries and
territories. American's fleet of nearly 900 aircraft fly more than 3,500 daily
flights worldwide from hubs in Chicago, Dallas/Fort Worth, Los Angeles, Miami
and New York. American flies to nearly 100 international locations including
important markets such as London, Madrid, Sao Paulo and Tokyo. With more than
500 new planes scheduled to join the fleet, including continued deliveries of
the Boeing 737 family of aircraft and new additions such as the Boeing
777-300ER and the Airbus A320 family of aircraft, American is building toward
the youngest and most modern fleet among major U.S. carriers. American's
website, AA.com^®, provides customers with easy access to check and book
fares, and personalized news, information and travel offers. American's
AAdvantage^® program, voted Airline Program of the Year at the 2013 Freddie
Awards, lets members redeem miles for flights to almost 950 destinations
worldwide, as well as flight upgrades, vacation packages, car rentals, hotel
stays and other retail products. The airline also offers nearly 40 Admirals
Club^® locations worldwide providing comfort, convenience, and an environment
with a full range of services making it easy for customers to stay productive
without interruption. American is a founding member of the oneworld^®
alliance, which brings together some of the best and biggest airlines in the
world, including global brands like British Airways, Cathay Pacific, Iberia
Airlines, Japan Airlines, LAN and Qantas. Together, its members serve nearly
900 destinations served by more than 10,000 daily flights to more than 150
countries. Connect with American on Twitter @AmericanAir or
Facebook.com/AmericanAirlines. American Airlines, Inc. and American Eagle
Airlines, Inc. are subsidiaries of AMR Corporation. AMR Corporation common
stock trades under the symbol "AAMRQ" on the OTCQB marketplace, operated by
OTC Markets Group.

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 1,329 airports in 194 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.

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," "if
current trends continue," "optimistic," "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 our ability to achieve anticipated annual net synergies of more
than $1 billion in 2015; the effects of divestitures pursuant to the announced
settlement with the Department of Justice, Department of Transportation and
certain state attorneys general; the price of, market for and potential market
price volatility of US Airways common stock, AMR common stock and the common
stock of American Airlines Group  following the closing of the proposed
transaction; significant liquidity requirements and substantial levels of
indebtedness of American Airlines Group 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
American Airlines Group  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.

Additional Information and Where To Find It

Investors and security holders of US Airways are urged to read the relevant
documents filed BY AMR AND US AIRWAYS 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 AMR's
and US Airways' SEC filings 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.

 

SOURCE AMR Corporation

Website: http://www.aa.com
Website: http://www.usairways.com
Contact: AMR Media Relations, (817) 967-1577, mediarelations@aa.com; or US
Airways Media Relations, (480) 693-5729, media.relations@usairways.com
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