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AMR (American Airlines) Report: Is the Industry a Sinkhole for Investors or does the Company have a Future Outside of Chapter 11?
ISI Publications, July 2008

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Executive Summary

Four critical steps

Introduction

So why would anyone consider investing in airlines today?

AMR corporation

Structure of AMR
AMR shares
Q1 2008 financials for AMR
Airline industry and fuel

Future course for AMR

Airline industry: a strange industry

Very attractive industry characteristics
Profitability
Experience during this decade
Cost structure, distribution of risks, business model, regulations, and taxes

AMR

FY 2007 financial performance

Risks

Options

A new business model

Innovation
The future

Conclusions

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