Las Vegas, NV -- (SBWIRE) -- 01/15/2013 -- AMR Corporation (PINK:AAMRQ) is currently traded at $1.49 reporting a gain of 3.47% from previous day close. The stock price and volume touched new peaks in this month.
American Airlines parent Company of AMR Corp filed for bankruptcy last November while AA continued to operate as normal. The U.S bankruptcy system gives Companies much leeway in restructuring their debt obligations and every year thousands of Companies successfully emerge from Bankruptcy. The AA bankruptcy which was the biggest in the US in 2011 follows a long line of airlines who have filed for bankruptcy over the years; a testament of how difficult this industry really is with total US Airline losses of $80 billion since 1979.
AMR Corporation (AAMRQ) operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc. (American). As of December 31, 2011, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of AMR, owns two regional airlines, which do business as American Eagle - American Eagle Airlines, Inc. and Executive Airlines, Inc.
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