American Airlines 2009 Annual Report Download - page 13

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10
Insurance The Company carries insurance for public liability, passenger liability, property damage and all-risk
coverage for damage to its aircraft. As a result of the terrorist attacks of September 11, 2001 (the Terrorist
Attacks), aviation insurers significantly reduced the amount of insurance coverage available to commercial air
carriers for liability to persons other than employees or passengers for claims resulting from acts of terrorism, war
or similar events (war-risk coverage). At the same time, these insurers significantly increased the premiums for
aviation insurance in general. While the price of commercial insurance has declined since the period immediately
after the Terrorist Attacks, in the event commercial insurance carriers further reduce the amount of insurance
coverage available to the Company, or significantly increase its cost, the Company would be adversely affected.
The U.S. government has agreed to provide commercial war-risk insurance for U.S. based airlines through
August 31, 2010, covering losses to employees, passengers, third parties and aircraft. If the U.S. government
were to cease providing such insurance in whole or in part, it is likely that the Company could obtain comparable
coverage in the commercial market, but the Company would incur substantially higher premiums and more
restrictive terms. There can be no assurance that comparable war-risk coverage will be available in the
commercial market. If the Company is unable to obtain adequate war-risk coverage at commercially reasonable
rates, the Company would be adversely affected.
While the price of commercial insurance has declined since the premium increases immediately after the Terrorist
Attacks, in the event commercial insurance carriers further reduce the amount of insurance coverage available to
the Company, or significantly increase its cost, the Company would be adversely affected.
Other Government Matters In time of war or during a national emergency or defense oriented situation,
American and other air carriers can be required to provide airlift services to the Air Mobility Command under the
Civil Reserve Air Fleet program. In the event the Company has to provide a substantial number of aircraft and
crew to the Air Mobility Command, its operations could be adversely impacted.
Available Information The Company makes its annual report on Form 10-K, quarterly reports on Form 10-Q,
current reports on Form 8-K, and amendments to reports filed or furnished pursuant to Section 13(a) or 15(d) of
the Securities Exchange Act of 1934 available free of charge under the Investor Relations page on its website,
www.aa.com, as soon as reasonably practicable after such reports are electronically filed with the Securities and
Exchange Commission. In addition, the Company’s code of ethics (called the Standards of Business Conduct),
which applies to all employees of the Company, including the Company’s Chief Executive Officer (CEO), Chief
Financial Officer (CFO) and Controller, is posted under the Investor Relations page on its website, www.aa.com.
The Company intends to disclose any amendments to the code of ethics, or waivers of the code of ethics on
behalf of the CEO, CFO or Controller, under the Investor Relations page on the Company’s website, www.aa.com.
The charters for the AMR Board of Directors’ standing committees (the Audit, Compensation, Diversity and
Nominating/Corporate Governance Committees), as well as the Board of Directors’ Governance Policies (the
Governance Policies), are likewise available on the Company’s website, www.aa.com. Information on the
Company’s website is not incorporated into or otherwise made a part of this Report.