American Airlines Group

The group operates the largest airline in the world, as measured by number of passengers carried and by scheduled passenger-kilometers flown.

70 in the Fortune 500 list of the largest United States corporations based on its 2019 revenue,[7] but, impacted by the COVID-19 pandemic, it lost $2.2 billion in the first quarter of 2020 alone and accepted government aid.

[9] US Airways told some American Airlines creditors that merging the two carriers could yield more than $1.5 billion a year in added revenue and cost savings.

A judge approved the merger on March 27, 2013, but denied a proposed $20 million severance package to AMR chief Thomas W.

The Department of Justice reached a settlement on November 12, 2013, requiring the merged airline to relinquish landing slots or gates in 7 major airports.

[27] 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.

[29] Following the Department of Justice approval, the merged Group company traded on the NASDAQ stock exchange under the symbol AAL.

[30][31] In December 2013 a severance package valued at about $17 million was agreed for Tom Horton, the outgoing AMR CEO, who had led American Airlines through bankruptcy and the major merger.