Transport Airlines

Shareholders of Old American Airlines Stock Fearful About How Much They’re Getting

Excerpt from Dallas Morning News

Dec 10, 2013 7:30 am

Skift Take

The author has no patience for the panicky investors who don’t understand the details of the American Airlines Group stock distribution. But, admittedly, the formula is a tad complex. Regardless, these shareholders are making out much better than is usually the case in airline bankruptcies. Much better.

— Dennis Schaal

Get the Latest Intelligence on the Travel Industry

Many holders of the old AMR stock, ticket symbol AAMRQ, appear to be panicky at Monday’s announcement that they’ll get 0.0665 shares of American Airlines Group for every share of AAMRQ they now hold.

As Wolfe Research analyst Hunter Keay described it in a report last week, AMR shareholders would get 3.5 percent of the new company and 3.5% “is the minimum amount they’ve been guaranteed. Additional AAL stock will be awarded during the 30, 60, 90, 120 day distribution dates. As AAL goes up/down AAMRQ holders receive more/less AAL stock.”

Read the Complete Story →

Tags: ,

Next Up

More on Skift

SkiftStats Travel Data Weekly: 21 Factoids To Start Your Week
Interview: Qunar’s CEO on Building China’s Largest Travel Booking Site From Scratch
4 Tourism Trends We’re Tracking at Skift This Week
How to Find the ‘Holistic Traveler’ Trapped in Your Data

We're the Moneyball of the Travel Industry

We know what's coming next in travel. Subscribe to the newsletter and get all the goodness in your inbox daily.