American Airlines Group

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American Airlines Group Inc.
Traded as
ISINUS02376R1023 Edit this on Wikidata
PredecessorsAMR Corporation
US Airways Group[1]
FoundedDecember 9, 2013 (6 years ago)
HeadquartersCentrePort, ,
United States[1]
Number of locations
350 destinations*
Area served
Key people
Production output
6,700 daily flights[2] (2013)
ServicesAir transportation
RevenueIncrease $45.768 billion (2019)[4]
Increase $3.065 billion (2019)[4]
Increase $1.686 billion (2019)[4]
Total assetsDecrease $59.995 billion (2019)[4]
Total equityIncrease $-118 million (2019)[4]
Number of employees
~133,700 (December 2019)[4]
DivisionsAmerican Airlines Cargo
American Eagle
American Airlines Shuttle[1]
SubsidiariesAmerican Airlines, Inc.
Envoy Air Inc.
Piedmont Airlines, Inc.
PSA Airlines, Inc.[1]
Footnotes / references
* Hubs in Charlotte, Chicago, Dallas-Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington[5]

American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas. It was formed on December 9, 2013, in the merger of AMR Corporation, the parent company of American Airlines, and US Airways Group, the parent company of US Airways.[6] The airline groups together form the largest airline in the world, with more than 6,700 daily flights to 350 locations in 56 countries worldwide, about $40 billion in operating revenue, over 100,000 employees, and plans to take delivery of 607 new aircraft, including 517 narrowbody aircraft and 90 widebody international aircraft.[7] The integration of American Airlines and US Airways was completed when the Federal Aviation Administration granted a single operating certificate for both carriers on April 8, 2015.[8] The company ranked No. 68 in the 2019 Fortune 500 list of the largest United States corporations based on its 2018 revenue.[9]


Merger between AMR Corporation and US Airways Group[edit]

In January 2012, US Airways Group, the parent company of US Airways, expressed interest in taking over AMR Corporation, the parent company of American Airlines.[7] In March, AMR's CEO Tom Horton said that the company was open to a merger.[10] US Airways (US) told some American Airlines (AA) creditors that merging the two carriers could yield more than $1.5 billion a year in added revenue and cost savings.[11] On April 20, American Airlines' three unions said they supported a proposed merger between the two airlines.[12] With AMR under Chapter 11 bankruptcy protection, American Airlines had been looking to merge with another airline. Earlier in July, a bankruptcy court filing stated that US Airways was an American Airlines creditor and "prospective merger partner"; on August 31, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which they would discuss the possibility of a merger.[13]

In February 2013, American Airlines and US Airways announced plans to merge, creating the largest airline in the world by some measurements. In the deal, which was expected to close in the third quarter of 2013, stakeholders of AMR would own 72% of the company and US Airways shareholders would own the remaining 28%. Rothschild & Co served as the investment bank for the transaction.[14][15] The combined airline carries the American Airlines name and branding. The holding company was renamed American Airlines Group Inc.[16] The US Airways' management team, including CEO Doug Parker, retained most operational management positions. The combination was considered a "merger of equals" between US Airways and American Airlines, retaining the more well-established "American" name going forward.[17] The headquarters for the new airline was also consolidated at American's current headquarters in Fort Worth, Texas.[18][19] US Airways exited Star Alliance upon completion of the merger, and American retained its Oneworld alliance. Judge Sean Lane approved the merger on March 27, 2013, but declined to approve a proposed $20 million severance package to AA executive Thomas W. Horton.[20] On July 12, US Airways shareholders approved the proposed merger.[21]

On August 13, 2013, the United States Department of Justice along with attorneys general from the District of Columbia, Arizona (headquarters of US Airways), Florida, Pennsylvania, Tennessee, Texas (headquarters of American Airlines),[22] and Virginia filed a lawsuit seeking to block the merger, arguing that it would mean less competition and higher prices. American Airlines and US Airways both said that they would fight against the lawsuit and defend their merger.[23] In early October 2013, the Attorney General of Texas quit the anti-trust lawsuit.

The Department of Justice reached a settlement of its lawsuit on November 12, 2013. The settlement will require the merged airline to give up landing slots or gates in 7 major airports.[24] Under the deal, the new American is required to sell 104 slots at Ronald Reagan Washington National Airport and 34 slots at LaGuardia Airport. An additional requirement is that American sell two gates at O'Hare International Airport, Los Angeles International Airport, Logan International Airport, Dallas Love Field and Miami International Airport.[25] Some of the slots will be sold to low-cost carriers such as JetBlue and Southwest Airlines.[26]

A private antitrust suit, filed by a group of 40 passengers and travel agents, also sought to block the merger.[27] American's bankruptcy court judge refused to enjoin the two airlines from merging, saying that the group did not demonstrate that the merger would irreparably harm them.[28] The plaintiffs' lawyer appealed and was turned down at the U.S. District Court level and was further rebuffed at the Supreme Court after Justice Ruth Bader Ginsburg denied a stay request filed by him.[29]

Following the Department of Justice approval, the merged company traded on the NASDAQ stock exchange under the symbol AAL.[30][31]

On July 13, 2015, American announced that it planned to discontinue the US Airways brand name on October 17, 2015. On October 16, US Airways flew its final flight, US Airways Flight 1939, which was a flight from Philadelphia-Charlotte-Phoenix-San Francisco-Philadelphia.[32]


For the fiscal year 2017, American Airlines Group reported earnings of US$1.919 billion, with an annual revenue of US$42.207 billion, an increase of 5.0% over the previous fiscal cycle. American Airlines Group's shares traded at over $46 per share, and its market capitalization was valued at US$15 billion in October 2018. Data before 2014 are for American Airlines only.[33]

Year Revenue
in mil. USD$
Net income
in mil. USD$
Total Assets
in mil. USD$
Price per Share
in USD$
2005 20,712 −857 29,495
2006 22,563 231 29,145 42.57
2007 22,935 456 28,571 34.26
2008 23,766 −2,118 25,175 7.43
2009 19,917 −1,468 25,438 3.68
2010 22,170 −471 25,088 8.29
2011 23,979 −1,979 23,848 7.16
2012 24,855 −1,876 23,510 10.08
2013 26,743 −1,834 42,278 17.46 110,400
2014 42,650 2,882 43,225 37.44 113,300
2015 40,990 7,610 48,415 43.74 118,500
2016 40,180 2,676 51,274 37.41 122,300
2017 42,207 1,919 51,396 46.97 126,600


  1. ^ a b c d "American Airlines Group Overview". American Airlines, Inc. October 2015. Retrieved December 28, 2015.
  2. ^ a b "World's largest airline formed as American Airlines and US Airways merge". The Sydney Morning Herald. Fairfax Media. December 10, 2013. Retrieved December 10, 2013.
  3. ^ "American Airlines Group Executive Leadership Team". American Airlines, Inc. 2015. Archived from the original on March 16, 2016. Retrieved December 28, 2015.
  4. ^ a b c d e f "American Airlines Group Inc. 2019 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. January 2020. Retrieved March 17, 2020.
  5. ^ "Hub and State Fact Sheets". American Airlines, Inc. 2014. Archived from the original on November 22, 2015. Retrieved December 28, 2015.
  6. ^ "The new American Airlines". Chicago Tribune. Tribune Publishing. December 8, 2013. Archived from the original on December 9, 2013. Retrieved December 8, 2013.
  7. ^ a b Matt Joyce, Staff Writer (January 26, 2012). "US Airways CEO confirms interest in American Airlines". Charlotte Business Journal. Retrieved March 24, 2012.
  8. ^ Karp, Gregory (April 8, 2015). "American Airlines, US Airways get FAA approval to fly as one carrier". Chicago Tribune. Tribune Publishing. Retrieved April 8, 2015.
  9. ^ "Fortune 500 2019". Fortune. Retrieved May 4, 2020.
  10. ^ "American Airlines open to merger, CEO hints". Charlotte Business Journal. March 19, 2012. Retrieved March 24, 2012.
  11. ^ "WSJ: US Airways Considers Merger With American Airlines". Retrieved May 17, 2012.
  12. ^ "3 unions push American Air toward US Airways merger talks". Chicago Tribune. April 22, 2012. Archived from the original on April 21, 2012. Retrieved April 20, 2012.
  13. ^ "Creditor, 'prospective merger partner' US Airways gives support to American exclusivity extension". July 15, 2012.
  14. ^ "American Airlines, US Airways unveil $11 billion merger". Reuters. February 14, 2013. Retrieved May 22, 2019.
  15. ^ Kennedy, Gary (Gary F.) (February 6, 2018). Twelve years of turbulence : the inside story of American Airlines' battle for survival. Maxon, Terry,, Staubach, Roger, 1942-. New York. ISBN 9781682614884. OCLC 1030744604.
  16. ^ Koenig, David (February 19, 2013). "American Airlines' CEO to get $20 million severance". USA Today. Retrieved February 21, 2013.
  17. ^ Harlan, Chico (September 25, 2015). "Landing a mega-merger: The last days of US Airways". The Washington Post. Retrieved April 2, 2017.
  18. ^ "American Airlines, US Airways unveil $11 billion merger". Reuters. February 14, 2013. Retrieved February 14, 2013.
  19. ^ "American Airlines and US Airways to Create a Premier Global Carrier—The New American Airlines" (Press release). Fort Worth, TX & Tempe, AZ: AMR & US Airways Group. February 14, 2013. Archived from the original on February 16, 2013. Retrieved February 14, 2013.
  20. ^ "AA-US Airways Merger Approved, Not CEO Severance". KXAS-TV (NBC DFW). Retrieved March 27, 2013.
  21. ^ Jones, Charisse (July 12, 2013). "US Airways shareholders OK American Airlines merger". USA Today. Retrieved July 15, 2013.
  22. ^ "American Airlines has no Plan B, will take the antitrust fight to court". The Dallas Morning News. August 20, 2013. Retrieved February 16, 2014.
  23. ^ Evan Perez (August 13, 2013). "US government seeks to block American-US Airways merger". CNN.
  24. ^ Maxon, Terry (December 11, 2013). "Confirmed: Settlement reached in the American Airlines-US Airways case". Dallas News. Archived from the original on November 14, 2013. Retrieved November 12, 2013.
  25. ^ Had Mouawad; Christopher Drew (November 12, 2013). "Justice Dept. Clears Merger of 2 Airlines". The New York Times.
  26. ^ Isidore, Chris; Perez, Evan (November 12, 2013). "The Justice Department has reached a settlement with American Airlines and US Airways that requires the airlines to sell facilities at seven airports in order to complete their planned merger". CNN Money. Retrieved November 12, 2013.
  27. ^ American-US Merger Still Faces Private Antitrust Lawsuit. Frequent Business Traveler (November 18, 2013). Retrieved December 8, 2013.
  28. ^ Gives Green Light for American Air Exit from Bankruptcy and Merger with US Airways. Frequent Business Traveler (November 27, 2013). Retrieved December 8, 2013.
  29. ^ Supreme Court Declines to Block American, US Air Merger. Frequent Business Traveler (December 8, 2013). Retrieved December 8, 2013.
  30. ^ Ausick, Paul (November 15, 2013). "Merged U.S. Airways, American Airlines Will List with Nasdaq". 24/7 Wall St. via Yahoo! Finance. Retrieved November 15, 2013.
  31. ^ US Airways fact sheet
  32. ^ "As Airline Megamergers Wrap Up, US Airways Flies Into History". Retrieved October 17, 2015.
  33. ^ "FedEx Revenue 2006-2018 | FDX". Retrieved October 31, 2018.

External links[edit]