satpak77

Seeking Alpha is a place where amateur investors (semi-serious) and analysts can open an account and "publish" articles. Kinda cool but kinda dangerous. I know because I am there myself. With that said, here is another article, from Seeking Alpha, dated 2012, with quite the opposite opinion

AMR Corporation (AAMRQ): AMR Shareholders Will Get Zero In Any Takeover Deal - Seeking Alpha

In summary, if I held it, I would sell it to the large crowd of hungry piranhas that will snap them up, now, and take your profits. If you wait to long and the stock stops trading all together then you can't physically sell it and thus you are hosed.

spaaks

great news for all pilot groups, including regionals! The more stable the industry is, the better off we all are. Next step= majors taking back some of their flying from the regionals

MYFpilot

AMR Chapter 11 Reorganization /
AMR & US Airways Merger Information for AMR Investors (Updated 8/15/2013)

Important note: The brief answers below are provided for informational purposes only and are not intended to be a substitute for a careful review of all relevant documents, which include the Merger Agreement that was filed by AMR Corporation (“AMR”) with the Securities and Exchange Commission (the “SEC”) as exhibits on Form 8-K/A on February 14, 2013, the Form S-4 registration statement, as amended, initially filed by AMR with the SEC on April 15, 2013, and the Debtors’ Second Amended Joint Chapter 11 Plan (as may be amended or supplemented, the “Plan of Reorganization”) and the related Disclosure Statement to the Plan of Reorganization (“Disclosure Statement”) filed with the U.S. Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) on June 5, 2013. Documents referenced in this Q&A that we have filed with the SEC are available free of charge at U.S. Securities and Exchange Commission | Homepage and American Airlines - Airline tickets and cheap flights at AA.com. Our filings with the Bankruptcy Court are available free of charge at AMR Corporation Website.

The brief summaries below are qualified in their entirety by reference to the documents that AMR has filed and will file with the SEC and/or the Bankruptcy Court. You are strongly encouraged to consult legal counsel to assist in determining the impact of these filings on your personal circumstances. Capitalized terms not defined in the FAQs have the meanings given to them in the Plan. AMR may revise and update these FAQs at any time without notice. You should revisit this website periodically to make sure you are aware of the most recent information.


1. What is the effect of the lawsuit filed by the Antitrust Division of the Department of Justice on the Merger and the Merger Agreement?

As you know, the Antitrust Division of the Department of Justice (the “DOJ”) filed an antitrust lawsuit challenging the proposed Merger. The filing of the lawsuit does not have any immediate effect on the proposed Merger, as both AMR and US Airways Group, Inc. remain bound by the terms of the Merger Agreement. The Merger Agreement provides that consummation of the proposed Merger is subject to a number of approvals, including those of US Airways shareholders, AMR financial stakeholders, the Court, and the United States and European Union regulatory authorities. The US Airways shareholders and the AMR financial stakeholders have voted overwhelmingly in support of the Merger and the EU approved the Merger.
Since the DOJ has formed a view of the Merger that is contrary to our belief that the Merger will enhance competition in the airline industry, the matter will now be settled by the courts. AMR and US Airways intend to mount a vigorous defense, as we believe that the proposed Merger is pro-competitive, will benefit passengers and is the best path forward for both airlines and the customers and communities that we serve. We do not yet know how long the court process will run. In the meantime, AMR and US Airways will continue to operate as independent companies and competitors.


2. Are holders of AMR common stock (Symbol: AAMRQ) “creditors” for purposes of the Merger Agreement and the Plan of Reorganization?

Holders of AMR common stock are not considered “creditors” for purposes of the Merger Agreement or the Plan of Reorganization. Rather, holders of AMR common stock are considered holders of AMR Equity Interests.


3. Are holders of AMR common stock (Symbol: AAMRQ) considered “stakeholders” of the company?

When we refer to “stakeholders,” we mean those persons or entities that have an economic interest in the company based on its value, taking into account that, under the Bankruptcy Code, creditors holding allowed claims are entitled to payment in full before holders of Allowed AMR Equity Interests may participate in any recovery. Thus, whether holders of Allowed AMR Equity Interests are considered stakeholders ultimately will depend on whether they will be entitled to receive any recovery under the Plan of Reorganization.
A hearing to consider confirmation of the Plan of Reorganization was held on August 15, 2013, and the Bankruptcy Court has taken the matter under advisement. We cannot predict whether the Plan of Reorganization will be confirmed by the Bankruptcy Court and consummated or when or whether the Merger will close. If the Plan of Reorganization is confirmed by the Bankruptcy Court and the Merger is consummated, holders of Allowed AMR Equity Interests (including common stock, warrants, restricted stock units and options) will receive shares in the merged company, which is defined in the Plan and the Disclosure Statement as “New AAG,” representing at least 3.5% of the total number of shares of New AAG’s New Common Stock, subject to customary dilution, and may potentially receive additional shares of New Common Stock.


4. I currently own shares of AMR (Symbol: AAMRQ). How will my shares be affected by the closing of the Merger and the company’s emergence from Chapter 11?

If the Plan of Reorganization is confirmed by the Bankruptcy Court and the Merger is consummated, the existing common stock of AMR (AAMRQ) will be cancelled. Holders of Allowed AMR Equity Interests (including common stock, warrants, restricted stock units and options) will receive shares in the merged company, which is defined in the Plan and the Disclosure Statement as “New AAG,” representing at least 3.5% of the total number of shares of New AAG’s New Common Stock, subject to customary dilution, and may potentially receive additional shares of New Common Stock.
A hearing to consider confirmation of the Plan of Reorganization was held on August 15, 2013, and the Bankruptcy Court has taken the matter under advisement. We cannot predict whether the Plan of Reorganization will be confirmed by the Bankruptcy Court and consummated or when or whether the Merger will close. Further, we cannot provide assurance that the distributions of New Common stock described above will actually occur. We encourage you to review the Merger Agreement that was filed with the SEC as an exhibit to Form 8-K/A on February 14, 2013, the Form S-4 registration statement, as amended, initially filed with the SEC on April 15, 2013, as well as the Plan of Reorganization and Disclosure Statement filed with the Bankruptcy Court on June 5, 2013.


5. I currently own shares of AMR (Symbol: AAMRQ). When will I receive a distribution, if any?

If the Plan of Reorganization is confirmed by the Bankruptcy Court and the Merger is consummated, holders of Allowed AMR Equity Interests (including common stock, warrants, restricted stock units and options) will receive shares in the merged company, which is defined in the Plan and the Disclosure Statement as “New AAG,” representing at least 3.5% of the total number of shares of New AAG’s New Common Stock on the Effective Date of the Plan of Reorganization, subject to customary dilution.
Holders of Allowed AMR Equity Interests may receive additional shares of the New Common Stock if, pursuant to the Plan of Reorganization, holders of Allowed General Unsecured Claims receive New Common Stock with a value that would satisfy all such Allowed Claims in full. Any additional distributions of New Common Stock to holders of Allowed AMR Equity Interests would occur on, or as soon as reasonably practicable after, each of the 30th, 60th, 90th, and 120th days following the Effective Date of the Plan of Reorganization.
A hearing to consider confirmation of the Plan of Reorganization was held on August 15, 2013, and the Bankruptcy Court has taken the matter under advisement. We cannot predict whether the Plan of Reorganization will be confirmed by the Bankruptcy Court and consummated or when or whether the Merger will close. Further, we cannot provide assurance that the distributions of New Common stock described above will actually occur. We encourage you to review the Merger Agreement that was filed with the SEC as an exhibit to Form 8-K/A on February 14, 2013, the Form S-4 registration statement, as amended, initially filed with the SEC on April 15, 2013, as well as the Plan of Reorganization and Disclosure Statement filed with the Bankruptcy Court on June 5, 2013.


6. I currently own shares of AMR (Symbol: AAMRQ). Do I need to do anything in order to receive a distribution?

Shares of New Common Stock in the merged company, which is defined in the Plan and the Disclosure Statement as “New AAG,” will be issued as part of a direct registration through the Company’s transfer agent, American Stock Transfer & Trust (“AST”). Ownership of shares of New AAG New Common Stock will be evidenced by a book-entry on AST’s ledger. For holders of Allowed AMR Equity Interests who held such securities though a brokerage account, the distribution(s) of shares of New AAG New Common Stock will be made to the same brokerage account. For holders of Allowed AMR Equity Interests who did not hold such securities through a broker, AST will provide a periodic statement of ownership.
Any party entitled to receive a distribution(s) pursuant to the Plan of Reorganization must deliver a Form W-9 or Form W-8 (for non-U.S. Citizens) to the disbursing agent, GCG, Inc., or such other party as may be designated by AMR. Copies of Forms W-9 and W-8 are posted on the website: AMR Corporation Website. Copies of Forms W-9 and W-8 can also be found at Internal Revenue Service or by sending an email request to: [email protected]. Mail completed Forms W-9 and W-8 to the following address:
AMR Corporation, et al.
c/o GCG
P.O. Box 9852
Dublin, Ohio 43017-5752 Toll-Free: (888) 285-9438 International Toll: (440) 389-7498

satpak77

New AA stock ticker will be AAL

The New American Airlines Lands A New Ticker Symbol - Forbes

tsquare

deleted... I am not getting involved here....

Moonwolf

It's good for everybody, unless your the one losing your job and not moving on to the majors...

tsquare

Somebody's gonna be doing that flying.....

gloopy

I don't think that shift will effect very many regional pilots directly because even the regionals that shrink will also lose a lot of pilots through attrition. You may see some regionals shut down, but that has always been the case anyway. There are still going to be regionals and they will have very high rates of attrition. I don't see very many if any regional pilots being furloughed as a direct result of any of this.

Denny Crane

Is there an MOU about payrates for the combined AA/LCC? Could someone post what they are and when they take effect? Thanks,

Denny

CamYZ125

Yes. They take effect on the "POR" or Plan of Reorganization approval date (sometime first half of Dec). There will also be retro pay back to Feb8 for the US guys, at MOU rates.


a. Group I: With the exception of aircraft identified in Groups II through V
below, any aircraft configured (i.e. as operated by American Airlines) with
greater than seventy-six (76) seats and less than one-hundred-eighteen
(118) seats, including E190/195, CRJ-1000, MRJ-100, and Bombardier
CS100.
b. Group II: Bombardier CS300, A319, A319neo, B737-700, B737-7MAX,
MD80, B737-800, B737-8MAX, B737-900, B737-9MAX, A320, A320neo,
A321, A321neo
c. Group III: B757, B767-200, B767-300, A300
d. Group IV: B767-400, B777-200, B777-200ER, B777-200LR, B777-300,
B777-300ER, B787-8, B787-9, B787-10, A332, A333, A340, A350
e. Group V: A380, B747 (all variants)





CAPTAIN RATES
4% EFFECTIVE DATE
Year Group 5 Group 4 767-200 Group 3 Group 2 Group 1
2 $206.89 $197.04 $170.67 $167.20 $155.10 $105.47
3 $208.57 $198.64 $172.06 $168.56 $156.36 $106.32
4 $210.25 $200.24 $173.44 $169.91 $157.62 $107.18
5 $211.93 $201.84 $174.82 $171.27 $158.88 $108.03
6 $213.60 $203.43 $176.21 $172.63 $160.13 $108.89
7 $215.28 $205.03 $177.59 $173.98 $161.39 $109.74
8 $216.96 $206.63 $178.97 $175.34 $162.65 $110.60
9 $218.64 $208.23 $180.36 $176.69 $163.91 $111.45
10 $220.31 $209.82 $181.74 $178.05 $165.16 $112.31
11 $221.99 $211.42 $183.13 $179.40 $166.42 $113.16
12 $223.67 $213.02 $184.51 $180.76 $167.68 $114.02
FIRST OFFICER
4% EFFECTIVE DATE
Year Group 5 Group 4 767-200 Group 3 Group 2 Group 1
2 $103.45 $98.52 $85.34 $83.60 $77.55 $52.73
3 $125.14 $119.18 $103.23 $101.14 $93.82 $63.79
4 $128.25 $122.15 $105.80 $103.65 $96.15 $65.38
5 $131.39 $125.14 $108.39 $106.19 $98.50 $66.98
6 $134.57 $128.16 $111.01 $108.75 $100.88 $68.60
7 $137.78 $131.22 $113.66 $111.35 $103.29 $70.24
8 $141.02 $134.31 $116.33 $113.97 $105.72 $71.89
9 $145.39 $138.47 $119.94 $117.50 $109.00 $74.12
10 $148.71 $141.63 $122.68 $120.18 $111.49 $75.81
11 $150.95 $143.77 $124.53 $121.99 $113.17 $76.95
12 $152.10 $144.85 $125.47 $122.92 $114.02 $77.53
CAPTAIN RATES
8% 2014
Year Group 5 Group 4 767-200 Group 3 Group 2 Group 1
2 $223.45 $212.81 $184.32 $180.58 $167.51 $113.91
3 $225.26 $214.53 $185.82 $182.04 $168.87 $114.83
4 $227.07 $216.26 $187.32 $183.51 $170.23 $115.75
5 $228.88 $217.98 $188.81 $184.97 $171.59 $116.68
6 $230.69 $219.71 $190.31 $186.44 $172.95 $117.60
7 $232.50 $221.43 $191.80 $187.90 $174.30 $118.52
8 $234.32 $223.16 $193.29 $189.36 $175.66 $119.45
9 $236.13 $224.89 $194.79 $190.83 $177.02 $120.37
10 $237.94 $226.61 $196.28 $192.29 $178.38 $121.29
11 $239.75 $228.34 $197.78 $193.76 $179.74 $122.22
12 $241.56 $230.06 $199.27 $195.22 $181.09 $123.14
FIRST OFFICER
8% 2014
Year Group 5 Group 4 767-200 Group 3 Group 2 Group 1
2 $111.72 $106.40 $92.17 $90.29 $83.76 $56.95
3 $135.15 $128.72 $111.49 $109.23 $101.32 $68.90
4 $138.51 $131.92 $114.26 $111.94 $103.84 $70.61
5 $141.91 $135.15 $117.06 $114.68 $106.38 $72.34
6 $145.34 $138.42 $119.89 $117.45 $108.96 $74.09
7 $148.80 $141.72 $122.75 $120.26 $111.55 $75.86
8 $152.31 $145.05 $125.64 $123.09 $114.18 $77.64
9 $157.03 $149.55 $129.54 $126.90 $117.72 $80.05
10 $160.61 $152.96 $132.49 $129.80 $120.41 $81.87
11 $163.03 $155.27 $134.49 $131.75 $122.22 $83.11
12 $164.26 $156.44 $135.51 $132.75 $123.14 $83.74
CAPTAIN RATES
3% 2015
Year Group 5 Group 4 767-200 Group 3 Group 2 Group 1
2 $230.15 $219.19 $189.85 $186.00 $172.54 $117.32
3 $232.02 $220.97 $191.40 $187.50 $173.94 $118.27
4 $233.88 $222.75 $192.93 $189.01 $175.34 $119.23
5 $235.75 $224.52 $194.47 $190.52 $176.73 $120.18
6 $237.61 $226.30 $196.02 $192.03 $178.13 $121.13
7 $239.48 $228.08 $197.55 $193.54 $179.53 $122.08
8 $241.35 $229.85 $199.09 $195.05 $180.93 $123.03
9 $243.21 $231.63 $200.63 $196.55 $182.33 $123.98
10 $245.08 $233.41 $202.17 $198.06 $183.73 $124.93
11 $246.94 $235.19 $203.71 $199.57 $185.13 $125.88
12 $248.81 $236.96 $205.25 $201.08 $186.53 $126.84
FIRST OFFICER
3% 2015
Year Group 5 Group 4 767-200 Group 3 Group 2 Group 1
2 $115.07 $109.60 $94.93 $93.00 $86.27 $58.66
3 $139.21 $132.58 $114.83 $112.50 $104.36 $70.96
4 $142.67 $135.87 $117.69 $115.30 $106.95 $72.73
5 $146.16 $139.20 $120.57 $118.12 $109.58 $74.51
6 $149.70 $142.57 $123.49 $120.98 $112.22 $76.31
7 $153.27 $145.97 $126.44 $123.86 $114.90 $78.13
8 $156.88 $149.41 $129.41 $126.78 $117.61 $79.97
9 $161.74 $154.04 $133.42 $130.71 $121.25 $82.45
10 $165.43 $157.55 $136.47 $133.69 $124.02 $84.33
11 $167.92 $159.93 $138.53 $135.71 $125.89 $85.60
12 $169.19 $161.14 $139.57 $136.73 $126.84 $86.25
Parity rates on 1/1/2016 are subject to known comparator contractual rates and ASM weighting at
that time.
CAPTAIN RATES
16.5% 01/01/2016 PARITY REVIEW
Year Group 5 Group 4 Group 3 Group 2 Group 1
2 $268.05 $249.11 $207.29 $198.65 $136.64
3 $270.22 $251.13 $208.97 $200.26 $137.75
4 $272.39 $253.15 $210.65 $201.87 $138.86
5 $274.57 $255.17 $212.33 $203.49 $139.96
6 $276.74 $257.19 $214.02 $205.10 $141.07
7 $278.91 $259.21 $215.70 $206.71 $142.18
8 $281.09 $261.23 $217.38 $208.32 $143.29
9 $282.97 $262.98 $218.83 $209.71 $144.25
10 $285.43 $265.27 $220.74 $211.54 $145.50
11 $287.61 $267.29 $222.42 $213.15 $146.61
12 $289.78 $269.31 $224.10 $214.76 $147.72
FIRST OFFICER
16.5% 01/01/2016 PARITY REVIEW
Year Group 5 Group 4 Group 3 Group 2 Group 1
2 $134.02 $124.56 $103.65 $99.33 $68.32
3 $162.13 $150.68 $125.38 $120.16 $82.65
4 $166.16 $154.42 $128.50 $123.14 $84.70
5 $170.23 $158.21 $131.65 $126.16 $86.78
6 $174.35 $162.03 $134.83 $129.21 $88.88
7 $178.50 $165.89 $138.05 $132.29 $91.00
8 $182.71 $169.80 $141.30 $135.41 $93.14
9 $188.18 $174.88 $145.52 $139.46 $95.93
10 $192.67 $179.06 $149.00 $142.79 $98.22
11 $195.57 $181.76 $151.25 $144.94 $99.70
12 $197.05 $183.13 $152.39 $146.04 $100.45
CAPTAIN RATES
3.5% 2017
Year Group 5 Group 4 Group 3 Group 2 Group 1
2 $277.42 $257.83 $214.54 $205.61 $141.42
3 $279.67 $259.93 $216.28 $207.28 $142.57
4 $281.92 $262.02 $218.02 $208.94 $143.72
5 $284.16 $264.11 $219.76 $210.61 $144.86
6 $286.41 $266.20 $221.50 $212.28 $146.01
7 $288.66 $268.29 $223.24 $213.94 $147.16
8 $290.91 $270.38 $224.98 $215.61 $148.30
9 $292.86 $272.19 $226.49 $217.06 $149.30
10 $295.41 $274.56 $228.46 $218.95 $150.60
11 $297.66 $276.65 $230.20 $220.61 $151.74
12 $299.91 $278.74 $231.94 $222.28 $152.89
FIRST OFFICER
3.5% 2017
Year Group 5 Group 4 Group 3 Group 2 Group 1
2 $138.71 $128.92 $107.27 $102.80 $70.71
3 $167.80 $155.96 $129.77 $124.37 $85.54
4 $171.97 $159.83 $132.99 $127.46 $87.67
5 $176.18 $163.75 $136.25 $130.58 $89.82
6 $180.44 $167.70 $139.55 $133.73 $91.99
7 $184.74 $171.70 $142.88 $136.92 $94.18
8 $189.09 $175.75 $146.24 $140.15 $96.40
9 $194.75 $181.01 $150.62 $144.34 $99.28
10 $199.40 $185.33 $154.21 $147.79 $101.65
11 $202.41 $188.12 $156.54 $150.02 $103.19
12 $203.94 $189.54 $157.72 $151.15 $103.97
CAPTAIN RATES
3.5% 2018
Year Group 5 Group 4 Group 3 Group 2 Group 1
2 $287.13 $266.85 $222.06 $213.36 $146.37
3 $289.46 $269.02 $223.86 $215.09 $147.56
4 $291.79 $271.18 $225.66 $216.82 $148.75
5 $294.11 $273.34 $227.46 $218.55 $149.93
6 $296.44 $275.51 $229.26 $220.28 $151.12
7 $298.77 $277.67 $231.06 $222.01 $152.31
8 $301.10 $279.84 $232.86 $223.74 $153.49
9 $303.12 $281.71 $234.42 $225.24 $154.52
10 $305.75 $284.16 $236.46 $227.20 $155.87
11 $308.08 $286.33 $238.26 $228.93 $157.05
12 $310.41 $288.49 $240.06 $230.66 $158.24
FIRST OFFICER
3.5% 2018
Year Group 5 Group 4 Group 3 Group 2 Group 1
2 $143.56 $133.43 $111.03 $106.68 $73.19
3 $173.67 $161.41 $134.31 $129.05 $88.54
4 $177.99 $165.42 $137.65 $132.26 $90.73
5 $182.35 $169.47 $141.02 $135.50 $92.96
6 $186.76 $173.57 $144.43 $138.78 $95.21
7 $191.21 $177.71 $147.88 $142.09 $97.48
8 $195.71 $181.89 $151.36 $145.43 $99.77
9 $201.57 $187.34 $155.89 $149.78 $102.76
10 $206.38 $191.81 $159.61 $153.36 $105.21
11 $209.50 $194.70 $162.02 $155.67 $106.80
12 $211.08 $196.17 $163.24 $156.85 $107.60