American Airlines 1999 Annual Report Download - page 23

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record for the 777. Additionally, Cargo implemented
a series of new information systems to improve oper-
ational performance and customer service.
Both American and American Eagle are com-
mitted to prudent growth to meet their customers’
and shippers’ needs, while neither flooding the
industry with excessive capacity nor investing capital
in assets that won’t generate the returns the
company’s shareholders expect
and deserve.
Certainly, that will be good
news for shareholders, as was
our announcement in
December that AMR would
distribute its 83 percent own-
ership interest in Sabre —and
transfer roughly $5 billion
in market value — to AMR
shareholders. The tax-free
distribution of 107 million
common shares of Sabre
stock was completed after
the close of business on
March 15, 2000.
As this Annual Report is
written, the U.S. economy
remains strong. Latin America and Asia, although
still facing real challenges,seem to be on the
rebound. And with improved fleet capabilities, a
plan for responsible growth, and a long list of
product and service improvements, American and
American Eagle enter the new millennium well
positioned to continue delivering strong financial
performance for the shareholders of AMR.
21
340
Manufacturer: Saab
(Sweden)
Number in Fleet: 114
Number of Seats: 34
1997
1998
1999
2000
2001
With the British Airways
deal stalled by regulators,
American begins building
oneworld,which is announced
in 1998 as the industry’s
strongest network of airline
partners.
Executive Vice President
Donald J. Carty succeeds
the retiring Bob Crandall
as chairman, president
and CEO of American
Airlines and AMR, and
chairman of Sabre.
Teaming with other quality
airlines, American becomes
a senior member of the oneworld
marketing alliance. American
introduces its Boeing 777s and
737s and strengthens West Coast
service by acquiring Reno Air.
American announces it will remove
two rows of seats from its coach
cabins. The AOL AAdvantage online
customer loyalty program begins.
AMR Corp. spins off Sabre after
previously selling most other
non-airline subsidiaries.
The American Airlines
Center in Dallas is to be
completed, providing a
sports showcase similar to
the American Airlines Arena
that opened in Miami on
New Year’s Eve 1999.
American Eagle,
American’s regional
partner, has
enhanced its fleet
by adding dozens
of “ regional jets.”