AMR
Parent company of
American Airlines.
Headquarters:
4333 Amon Carter Boulevard
Fort Worth, TX 76155
Employees: 82,000
CEO: Gerard Arpey
Stock Symbol: AMR
Website:
http://www.aa.com
Company News
Career
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AMR is the parent company of American Airlines,
the world's largest airline. 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 4,000 daily flights.
The company's main hub is in Dallas/Ft.
Worth, TX. American Airlines has 840 planes including Boeing
737, 757, 767, 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 293 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.
In 2007, AMR reported revenues of $22.6
billion and a profit of $504 million, the second consecutive
profitable year for the company since years of heavy losses following
the terrorist attacks in 2001. The company reported a record
load factor (percentage of seats filled) of 81.5% on American
Airlines in 2007. Average fuel costs for the company are expected
to hit $2.64 per gallon in 2008, up from $2.12 in 2007.
In May, American Airlnes said it will reduce
flights by 12% by the fall due to high fuel prices. As a result
of significantly reduced flying, AMR expects to retire 40 to
45 mainline aircraft from American's fleet, the majority of which
will consist of MD-80s but will also include some Airbus A300
aircraft. The capacity reductions will also result in the retirement
of 35 to 40 regional jets, as well as a number of turbo-prop
aircraft from AMR's regional affiliate fleet. Some job cuts will
result due to fewer planes being flown.
American also said it will begin charging
most customers $15 for the first checked bag and $30 for second
checked bags on domestic flights.
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 May 20, 2008
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