AMR common stock, 9% debentures, 7 7/8% Pines to be delisted by NYSE

By Caroline Salls

Pittsburgh, Dec. 29 - AMR Corp.'s common stock, 9% debentures due 2016 and 7 7/8% Public Income Notes (Pines) will be suspended from trading on the New York Stock Exchange before the opening on Jan. 5, according to a company news release.

NYSE will also apply to the Securities and Exchange Commission for delisting of the securities, the release said.

According to the release, the exchange suspended the trading because the average closing price of AMR's common stock fell below the continued listing minimum share price standard of $1 over a consecutive 30-day trading period.

Because of its Chapter 11 filing, AMR said it is not able to affirm an intent to cure the share price deficiency and, accordingly, does not oppose the suspension and delisting of its securities.

The company said it expects that price quotations for its common stock and publicly traded debt securities will be available under new symbols on the OTC Bulletin Board and Pink Sheets Electronic Quotation Service as early as Jan. 5.

AMR, the Fort Worth-based parent of American Airlines, filed for bankruptcy on Nov. 29 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 case number is 11-15463.

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