American Airlines 1997 Annual Report Download - page 12

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3
10
Third Quarter
On July 1, American becomes the first and only U.S. airline to place automatic defibrillators (to treat sudden cardiac
arrest and other heart problems) aboard its international aircraft.
AMR’s Board of Directors authorizes management to repurchase up to an additional $500 million of its outstand-
ing common stock during the next 24 months.
Yahoo! selects The SABRE Group’s Travelocity as the featured travel booking service for Netscape Guide by Yahoo!
This is one of numerous co-branding agreements between Travelocity and popular Internet sites.
American is applauded by government and safety groups when it becomes the first major U.S. airline to offer a
50 percent fare discount for children under two years old traveling with an adult. The action is intended to encourage
the use of child safety seats.
American Eagle pilots ratify an innovative 16-year contract.
AMR and SEPI, the Spanish state holding company and parent of Iberia Lineas Aereas de España, announce a
cooperative alliance between American Airlines and Iberia. The agreement includes plans for alliances between
American and the Argentine carriers Aerolineas Argentinas and Austral Lineas Aereas. AMR also agrees to acquire a 10
percent share of Interinvest, S.A., the Argentine company holding majority interests in both Aerolineas and Austral.
The AMR Services group of companies changes its trade name to AMR Global Services to better reflect the interna-
tional scope of its businesses, which include call center management, airline operations services, general aviation,
logistics management and training.
American expands its cooperative services agreements with LOT Polish Airlines and Canadian Airlines
International. The agreement with LOT increases American’s codeshared flights between the U.S. and Poland to 26
per week during the peak summer season from Chicago, Newark and New York Kennedy, and expands LOT’s reach.
American begins codesharing on Canadian flights between Vancouver and Taipei, Taiwan.
American Eagle begins installing expandable covered walkways at 12 of its cities. The Commute-A-Walk®pro-
vides a protected walkway from the airport terminal to the base of the aircraft stairs.
American leads the six largest U.S. airlines in on-time dependability in all three months of the quarter.
American Airlines Cargo reports a record third-quarter performance, transporting more than 505 million freight
ton miles, which surpasses the record set in 1994.
AMR reports third-quarter net earnings of $323 million, a $41 million improvement over the same period in 1996.