ABJ - November 29 - AMR Corporation, the parent company of American Airlines, Inc., and AMR Eagle Holding Corporation, announced that in order to achieve a cost and debt structure that is industry competitive and assures its long-term viability and ability to continue delivering a world class travel experience, the company and some of its U.S.-based subsidiaries have filed voluntary petitions for Chapter 11 reorganization in U.S. Bankruptcy Court.

AMR's Board of Directors determined that a Chapter 11 reorganization is in the best interest of the company and its stakeholders. Just as with the company's major airline competitors in recent years, the Chapter 11 process enables American Airlines and American Eagle to continue conducting normal business operations while they restructure their debt, costs, and other obligations.

American Airlines and American Eagle are operating normal flight schedules today, and their reservations, customer service, AAdvantage program, Admirals Clubs and all other operations are conducting business as usual. The filings have no direct legal impact on American's operations outside the United States.

Thomas W. Horton, Chairman, CEO and President of AMR and American Airlines, said, "This was a difficult decision, but it is the necessary and right path for us to take—and take now—to become a more efficient, financially stronger, and competitive airline.”