AMR common stock begins trading on OTCQB
AMR Corporation, parent company of American Airlines and AMR Eagle Holding Corporation, has announced that its common stock will begin trading today (January 5, 2012) on the OTCQB marketplace operated by OTC Markets Group, under the symbol ‘AAMRQ’.
The New York Stock Exchange (NYSE) had previously advised AMR that its common stock which traded under the symbol AMR, its nine per cent debentures due in 2016, traded as ‘AMR 16’, and its 7.875 per cent PINES due in 2039, traded as ‘AAR’, will be suspended from the NYSE prior to the opening of the market on January 5, 2012. The NYSE has applied to the Securities and Exchange Commission to begin delisting procedures for these securities. The measures are being implemented because the average closing price of AMR common stock fell below the NYSE continued listing minimum share price standard of $1 over a period of 30 trading days. Due to its Chapter 11 filing, AMR has not opposed the suspension or delisting of its securities.
