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Company Watch - American Airlines.

Dec 31, 2006

FL Group Buys Stake In American Air Parent. Iceland's FL Group said on Tuesday it had bought a 5.98 percent stake in AMR, making it the third-largest shareholder of the American Airlines parent. Investment company FL Group, which owns 23 percent of Finnish flag carrier Finnair and has made a string of investments in the airline industry, said it had been building the stake in the world's largest airline over a considerable period of time and had spent over USD$400 million. Other top shareholders in AMR include Tontine Associates, which holds 7.85 percent, and PRIMECAP Management, which holds 7.72 percent. Dec 28, 2006

American Airlines said it expects fourth-quarter mainline RASM to increase 3.8%-4.8% year over year, with consolidated unit revenues rising 3.6%-4.6%. It is anticipating fourth-quarter mainline unit costs of 10.98 cents and full-year CASM of 10.92 cents. Excluding fuel, the numbers will be 7.80 and 7.58 cents, respectively. Dec 26, 2006

American Airlines announced the launch of daily Chicago O'Hare-Shannon service on May 1 aboard a 757. AA already flies to Dublin from ORD with 767-300s. Dec 21, 2006

American, Delta Raise US Fares. American Airlines and Delta Air Lines increased fares in most US domestic markets in the face of higher jet fuel prices, the airlines said on Thursday. Dec 21, 2006

American Airlines will launch daily Seattle-Austin service on April 10 aboard a 136-seat MD-80. Dec 19, 2006

American Airlines signed a four-year, $30 million deal with Allegiant Air for the provision in Tulsa of heavy MRO, including C checks, on Allegiant's 24 MD-80s. The deal leaves room for additional aircraft if Allegiant grows its fleet. Dec 19, 2006

Editor: Aram Gesar, eMail: edit@AirGuideOnline.com

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Dec 18, 2006
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Publication:Airguide Online
Date:Jan 15, 2007
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