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American Airlines Says Its Unloading Regional Subsidiary

American Airlines
Just out on the wires. AMR, parent of American Airlines says that it "plans to divest itself" of its wholly-owned regional partner, American Eagle.

Did we hear the magic words in the press release that we've heard oh-so-much these days in the airline industry. Yep. Sure did.

"The decision comes after a careful and deliberate evaluation of the strategy that will best enable us to continue to create value for our shareholders," said AMR Chairman and CEO Gerard Arpey.

Ticker: (NYSE:AMR)

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Posted by Holly on November 28, 2007 1:17 PM |

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