Las Vegas, NV -- (SBWIRE) -- 12/27/2013 -- American Airlines Group Inc (OTCMKTS:AAMRQ) is a major player in US and international airline industry. The company, previously AMR Corporation owns a subsidiary American Airlines, Inc. that offers flight services to around 160 destinations. The company’s jets fly to destinations in the Caribbean, Latin America, Europe, North America, and Asia. Company’s WOS (wholly owned subsidiary) AMR Eagle Holding Corporation owns two regional airlines that are Executive Airlines, Inc. and American Eagle-American Eagle Airlines, Inc.
AAMRQ came out of the bankruptcy protection and it passed legal requirements to merge with US Airways and make largest airline of the world. The merger will result into development of four major airlines handling about 80% of air-travel of USA.
The new American Airlines Group Inc. replaced AMR Corp. The CEO of company Doug Parker says that the new company plans to restore the global position of American Airlines. The CEO says that prices in this sector are also affected by demand and supply and thus the company will try to ensure demand through its effective pricing and marketing strategies.
To find out what OTCMAGIC projects for AMR Corporation for both short term and long term please click here: AAMRQ
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