American Airlines 2012 Annual Report Download - page 39

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As noted above, on February 13, 2013, AMR entered into a Merger Agreement with US Airways. In the event that the Merger Agreement is terminated for any
reason, the Chapter 11 Cases will continue and AMR will prepare and propose an alternative plan of reorganization which could contemplate, among other
things, consolidation with another entity, the sale or disposition of certain of AMR's assets or AMR's emergence as a standalone entity. If AMR were to emerge
on an independent basis, the Company believes that it should be able to achieve its targeted cost savings of approximately $2 billion each year and its targeted
annual revenue enhancements of $1 billion by 2017, although there can be no assurance that it would be able to do so.
See Note 1 of the consolidated financial statements for additional details on the Chapter 11 Reorganization.
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