AAMRQ: The Curious Case of a Delisted Stock

If you search for “AAMRQ stock” on Google Finance, you’ll quickly discover that it no longer exists as an actively traded security. AAMRQ was the ticker symbol for AMR Corporation, the parent company of American Airlines, during its bankruptcy proceedings and subsequent restructuring.

The journey of AAMRQ provides a glimpse into the complexities of corporate bankruptcy and the fate of shareholders in such situations. AMR Corporation filed for Chapter 11 bankruptcy protection in November 2011, a move designed to reorganize its finances and operations under court supervision. During this period, AAMRQ shares continued to trade on the over-the-counter (OTC) market, a less regulated marketplace compared to major stock exchanges like the NYSE or Nasdaq.

Trading in AAMRQ was highly speculative. The value of the stock fluctuated wildly based on news regarding the bankruptcy proceedings, potential restructuring plans, and the overall health of the airline industry. Investors who bought AAMRQ shares during this period were essentially betting on a successful reorganization that would preserve some value for existing shareholders. However, they also faced the significant risk of the stock becoming worthless.

Ultimately, AMR Corporation successfully emerged from bankruptcy in December 2013, merging with US Airways to form American Airlines Group Inc. (AAL). As part of the restructuring plan, AAMRQ shares were effectively cancelled. Existing shareholders received a small distribution of new AAL stock and warrants, but this represented a significant loss compared to the pre-bankruptcy value of AAMRQ shares.

Therefore, while you might find historical data and charts for AAMRQ on Google Finance or other financial websites, it’s crucial to understand that it is no longer an active investment. The ticker symbol is essentially a historical marker of a company that went through a significant financial crisis and restructuring.

Key Takeaways:

AAMRQ was the ticker symbol for AMR Corporation (American Airlines) during bankruptcy.
The stock traded on the OTC market and was highly speculative.
AMR Corporation emerged from bankruptcy and merged with US Airways.
AAMRQ shares were cancelled, and existing shareholders received a small distribution.
AAMRQ is no longer an active stock.

When researching stocks on Google Finance, always verify if the ticker symbol is currently active and trading. Pay attention to any notes or disclaimers regarding delisting or corporate actions, especially when dealing with companies that have undergone bankruptcy or significant restructuring. Always conduct thorough research before making any investment decisions.