AMR Corporation , the parent company of American Airlines, Inc., and American Airlines today announced that the registration statement on Form S-3 they have filed with the Securities and Exchange Commission, relating to $300,000,000 principal amount of AMR Corporation's outstanding 4.25% Senior Convertible Notes due 2023 which were issued in a private placement in September 2003, has been declared effective by the SEC.
This resale registration statement was filed in satisfaction of registration rights granted to the selling security holders. AMR and American Airlines will not receive any of the proceeds from any resale of the notes or the common shares issuable upon conversion of the notes.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Statements in this release contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent AMR and American Airlines' expectations or beliefs concerning future events. When used in this release, the words "expects," "plans," "anticipates," "believes," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, without limitation, the companies' expectations concerning operations and financial conditions, including changes in capacity, revenues, and costs, future financing needs, overall economic conditions, plans and objectives for future operations, the impact on the companies of their results of operations for the past three years and the sufficiency of their financial resources to absorb that impact. Other forward-looking statements include statements which do not relate solely to historical facts, such as, without limitation, statements which discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to the companies on the date of this release. The companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements are subject to a number of factors that could cause the companies' actual results to differ materially from their expectations. The following factors, in addition to other possible factors not listed, could cause the companies' actual results to differ materially from those expressed in forward-looking statements: the uncertain financial and business environment the companies face; the struggling economy; high fuel prices and the availability of fuel; continuing U.S. military involvement in Iraq; conflicts in the Middle East or elsewhere; historically low fare levels and the general competitive environment; the ability of the companies to implement their restructuring program and the effect of the program on their operational performance and service levels; uncertainties with respect to the companies' international operations; changes in their business strategy; actions by U.S. or foreign government agencies; the possible occurrence of additional terrorist attacks; another outbreak of SARS or another disease that affects travel behavior; the inability of the companies to satisfy existing liquidity requirements or other covenants in certain of their credit agreements; and the availability of future financing. Additional information concerning these and other factors is contained in the companies' Securities and Exchange Commission filings, including but not limited to their Forms 10-K for the year ended Dec. 31, 2003.
Current AMR Corp. news releases can be accessed via the Internet.
The address is http://www.amrcorp.com/ .
CONTACT: Al Becker, Corporate Communications of AMR Corporation, +1-817-967-1577, or corp.comm@aa.com
Web site: http://www.amrcorp.com/
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