This out late Wednesday from AMR:

“AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation, announced today that its common stock will begin trading under the symbol “AAMRQ” on the OTCQB marketplace, operated by OTC Markets Group, on Thursday, Jan. 5, 2012. More information, including Real-Time Level 2 quotes, is available at”

AMR advised holders of AMR’s 9% Debentures due 2016 and its 7.875% PINES (Public Income Notes) due 2039 to “contact their brokers or other investment advisors regarding trading in those securities.”

AMR, which filed bankruptcy papers Nov. 29, last week advised investors that the New York Stock Exchange would delist AMR as of Thursday, Jan. 5, 2012.

Said AMR on Wednesday: “AMR cannot predict what the ultimate value of any of its securities may be, and it remains too early to determine whether holders of any such securities will receive any distribution in the Chapter 11 reorganization. It should be noted that in most Chapter 11 cases holders of equity securities receive little or no recovery of value from their investment. As a result, AMR urges investors to exercise appropriate caution with respect to any existing or future investments in AMR’s securities.”

Post Your Resume to 65+ Job Sites
Resume Service

Post to Twitter Tweet This Post