Company 'No Longer Sustainable' For Listing

NYSE Regulation announced at the end of last week that it determined that the common stock of AMR Corporation (the “Company”) – ticker symbol AMR – and the related listed securities below, should be suspended prior to the opening on Thursday, January 5, 2012.

NYSE Regulation has determined that the Company is no longer suitable for listing.  This action results from the fact that the Company has now fallen below the New York Stock Exchange (“NYSE”) continued listing minimum share price standard, as the average closing price of its common stock is less than $1.00 over a consecutive 30 trading day period. The Business Courier of Cincinnati reported that the stock closed the year at 52 cents. The Company has advised that it would not be possible to affirm its intent to cure this deficiency within the NYSE’s prescribed timeframes.

In addition, NYSE Regulation noted in a news release that the Company’s November 29, 2011 announcement that it and certain of its U.S.-based subsidiaries (including American and American Eagle) had filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code with the U.S Bankruptcy Court for the Southern District of New York.  NYSE Regulation noted the uncertainty as to the timing and outcome of the bankruptcy process, as well as the ultimate effect of this process on the Company’s common stockholders.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the Securities and Exchange Commission to delist the issues is pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.  The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

FMI: www.nyse.com