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AMR shareholders made a killing

By dallasnews Administrator

8:34 PM on Apr 8, 2014 CDT
When AMR Corp. filed for bankruptcy on Nov. 29, 2011, it looked as if the shareholders of American Airlines Inc.’s parent would be big losers. Typically, the common stock becomes worthless when a company goes through the bankruptcy wash.

But people who owned AMR shares — and in particular, the ones who bought its stock during its two years in bankruptcy proceedings — wound up making a killing.

American Airlines Group Inc. on Tuesday made the last of five distributions of its stock to unsecured creditors, claimants, American’s labor groups and shareholders of its