American Airlines Group - Wikipedia American Airlines Group American Airlines Group, Inc. Type Public Traded as NASDAQ : AAL NASDAQ - 100 Component DJTA Component S&P 500 Component Industry Aviation Predecessors AMR Corporation US Airways Group Founded December 9, 2013 ; 4 years ago ( 2013 - 12 - 09 ) in Fort Worth, Texas Headquarters CentrePort, Fort Worth, Texas, United States Number of locations 350 destinations * Area served Worldwide Key people Doug Parker ( Chairman & CEO ) Robert Isom ( President ) Derek Kerr ( CFO ) Production output 6,700 daily flights ( 2013 ) Services Air transportation Revenue US $ 42.207 billion ( 2017 ) Operating income US $4.058 billion ( 2017 ) Net income US $1.919 billion ( 2017 ) Total assets US $51.396 billion ( 2017 ) Total equity US $3.926 billion ( 2017 ) Number of employees 118,500 ( 2015 ) Divisions American Airlines Cargo American Eagle American Airlines Shuttle Subsidiaries American Airlines, Inc. Envoy Air Inc. Piedmont Airlines, Inc. PSA Airlines, Inc. Website www.aa.com Footnotes / references * Hubs in Charlotte, Chicago, Dallas, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington American Airlines Group, Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas. It was formed 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. 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. 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. Contents 1 Merger between AMR Corporation and US Airways Group 2 Ownership 3 References 4 External links Merger between AMR Corporation and US Airways Group 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. In March, AMR 's CEO Tom Horton said that the company was open to a merger. 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. On April 20, American Airlines ' three unions said they supported a proposed merger between the two airlines. 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. In February 2013, American Airlines and US Airways announced plans to merge, creating, by some measurements, the largest airline in the world. 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 %. The combined airline carries the American Airlines name and branding. The holding company was renamed American Airlines Group Inc. 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. The headquarters for the new airline was also consolidated at American 's current headquarters in Fort Worth, Texas. 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. On July 12, US Airways shareholders approved the proposed merger. 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 ), 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. 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. 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. Some of the slots will be sold to low - cost carriers such as JetBlue and Southwest Airlines. A private antitrust suit, filed by a group of 40 passengers and travel agents, also sought to block the merger. 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. 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. Following the Department of Justice approval, the merged company traded on the NASDAQ stock exchange under the symbol AAL. 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. Ownership As of 2017 American Airlines Group shares are mainly held by institutional investors ( T. Rowe Price, Berkshire Hathaway, Primecap Management and others ) References ^ Jump up to : `` American Airlines Group Overview ''. American Airlines, Inc. October 2015. Retrieved December 28, 2015. ^ Jump up to : `` 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. Jump up ^ `` American Airlines Group Executive Leadership Team ''. American Airlines, Inc. 2015. Archived from the original on 2016 - 03 - 16. Retrieved December 28, 2015. ^ Jump up to : `` American Airlines Group Reports Fourth - Quarter and Full Year 2017 Profit ''. Jump up ^ `` Hub and State Fact Sheets ''. American Airlines, Inc. 2014. Retrieved December 28, 2015. Jump up ^ `` The new American Airlines ''. Chicago Tribune. Tribune Publishing. December 8, 2013. Retrieved December 8, 2013. ^ Jump up to : Matt Joyce, Staff Writer ( January 26, 2012 ). `` US Airways CEO confirms interest in American Airlines ''. Charlotte Business Journal. Retrieved March 24, 2012. Jump up ^ 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. Jump up ^ `` American Airlines open to merger, CEO hints ''. Charlotte Business Journal. March 19, 2012. Retrieved March 24, 2012. Jump up ^ `` WSJ : US Airways Considers Merger With American Airlines ''. NewsOn6.com. Retrieved May 17, 2012. Jump up ^ `` 3 unions push American Air toward US Airways merger talks ''. Chicago Tribune. April 22, 2012. Retrieved April 20, 2012. Jump up ^ `` Creditor, ' prospective merger partner ' US Airways gives support to American exclusivity extension ''. LeveragedLoan.com. July 15, 2012. Jump up ^ Koenig, David ( February 19, 2013 ). `` American Airlines ' CEO to get $20 million severance ''. USA Today. Retrieved February 21, 2013. Jump up ^ Harlan, Chico ( 25 Sep 2015 ). `` Landing a mega-merger : The last days of US Airways ''. The Washington Post. Retrieved 2 April 2017. Jump up ^ `` American Airlines, US Airways unveil $11 billion merger ''. Reuters. February 14, 2013. Retrieved February 14, 2013. Jump up ^ `` 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. Retrieved February 14, 2013. Jump up ^ `` AA - US Airways Merger Approved, Not CEO Severance ''. KXAS - TV ( NBC DFW ). Retrieved March 27, 2013. Jump up ^ Jones, Charisse ( July 12, 2013 ). `` US Airways shareholders OK American Airlines merger ''. USA Today. Retrieved July 15, 2013. Jump up ^ `` American Airlines has no Plan B, will take antitrust fight to court ''. The Dallas Morning News. August 20, 2013. Retrieved February 16, 2014. Jump up ^ Evan Perez ( August 13, 2013 ). `` US government seeks to block American - US Airways merger ''. CNN. Jump up ^ Maxon, Terry ( December 11, 2013 ). `` Confirmed : Settlement reached in the American Airlines - US Airways case ''. Dallas News. Retrieved November 12, 2013. Jump up ^ Had Mouawad ; Christopher Drew ( November 12, 2013 ). `` Justice Dept. Clears Merger of 2 Airlines ''. The New York Times. Jump up ^ 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. Jump up ^ American - US Merger Still Faces Private Antitrust Lawsuit. Frequent Business Traveler ( November 18, 2013 ). Retrieved December 8, 2013. Jump up ^ Gives Green Light for American Air Exit from Bankruptcy and Merger with US Airways. Frequent Business Traveler ( November 27, 2013 ). Retrieved December 8, 2013. Jump up ^ Supreme Court Declines to Block American, US Air Merger. Frequent Business Traveler ( December 8, 2013 ). Retrieved December 8, 2013. Jump up ^ 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. Jump up ^ US Airways fact sheet Jump up ^ `` As Airline Megamergers Wrap Up, US Airways Flies Into History ''. NPR.org. Retrieved 2015 - 10 - 17. Jump up ^ American Airlines Group, Inc. Ownership Summary External links Official website Business data for American Airlines Group : Google Finance Yahoo ! Finance Reuters SEC filings American Airlines Group Airlines American Airlines Envoy Air destinations Piedmont Airlines PSA Airlines Heritage airlines Air California American Overseas Airlines Executive Airlines Metro Airlines Reno Air Simmons Airlines Trans Caribbean Airways Trans World Airlines US Airways destinations fleet livery All American Aviation Allegheny Airlines America West Airlines Lake Central Airlines MetroJet MidAtlantic Airways Mohawk Airlines Piedmont Airlines Pacific Southwest Airlines Trump Shuttle Former holding companies AMR Corporation US Airways Group Former marketing brands US Airways Express destinations US Airways Shuttle List of airline holding companies Dow Jones Transportation Average components Alaska Air Group American Airlines Group Avis Budget Group C.H. Robinson CSX Delta Air Lines Expeditors International FedEx J.B. Hunt JetBlue Airways Kansas City Southern Kirby Landstar System Matson Norfolk Southern Ryder Southwest Airlines Union Pacific United Continental Holdings United Parcel Service Airline holding companies of the United States Current Alaska Air Group Allegiant Travel Company American Airlines Group Atlas Air Worldwide Holdings Delta Air Lines, Inc. Hawaiian Holdings Mesa Air Group Republic Airways Holdings SkyWest, Inc. Southern Air Holdings Southwest Airlines Co. Trans States Holdings United Continental Holdings Former AirTran Holdings AMR Corporation Amtran Atlantic Coast Holdings, Inc. America West Holdings BIA - COR Holdings Inc. Icahn & Co. Flyi Frontier Airlines Holdings Global Aero Logistics Global Aviation Holdings MAIR Holdings Midwest Air Group Metro Airlines Northwest Airlines Corporation Pan Am Corporation Pan Am Systems Pinnacle Airlines Corp. Texas Air Corporation Trans World Corporation TPG Capital Transamerica Corporation UAL Corporation US Airways Group See also : List of airline holding companies Companies of the NASDAQ - 100 index 21st Century Fox Activision Blizzard Adobe Systems Alexion Pharmaceuticals Align Technology Alphabet Amazon.com American Airlines Group Amgen Analog Devices Apple Applied Materials ASML Holding Autodesk Automatic Data Processing Baidu Biogen BioMarin Pharmaceutical Booking Holdings Broadcom Inc. CA Technologies Cadence Design Systems Celgene Cerner Charter Communications Check Point Cintas Cisco Systems Citrix Systems Cognizant Comcast Costco CSX Ctrip.com International Dentsply Sirona Dish Network Dollar Tree eBay Electronic Arts Expedia Express Scripts Facebook Fastenal Fiserv Gilead Sciences Hasbro Henry Schein Hologic Idexx Laboratories Illumina Incyte Intel Intuit Intuitive Surgical J.B. 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Texas Instruments Ulta Beauty Verisk Analytics Vertex Pharmaceuticals Vodafone Walgreens Boots Alliance Western Digital Workday Wynn Resorts Xilinx Retrieved from `` https://en.wikipedia.org/w/index.php?title=American_Airlines_Group&oldid=844182437 '' Categories : Companies in the Dow Jones Transportation Average Companies in the NASDAQ - 100 Index Companies listed on NASDAQ American Airlines Group 2012 in aviation 2013 in aviation 2012 in economics 2013 in economics 2012 in the United States 2013 in the United States Airline holding companies of the United States Holding companies established in 2013 American companies established in 2013 Hidden categories : Use mdy dates from February 2014 Pages using infobox company with unsupported parameters Official website different in Wikidata and Wikipedia Talk Contents About Wikipedia Deutsch Eesti Español فارسی 한국어 Italiano Português Українська Tiếng Việt 中文 3 more Edit links This page was last edited on 3 June 2018, at 05 : 54 ( UTC ). 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Question: when did us airways and american airlines merger
Answer: December 9, 2013