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American Airlines Group
American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas. It was formed on December 9, 2013, by the merger of AMR Corporation, the parent company of American Airlines, and US Airways Group, the parent company of US Airways. Integration was completed when the Federal Aviation Administration granted a single operating certificate for both carriers on April 8, 2015, and all flights now operate under the American Airlines brand. The group operates the largest airline in the world, as measured by number of passengers carried and by scheduled passenger-kilometers flown. The company ranked No. 70 in the ''Fortune'' 500 list of the largest United States corporations based on its 2019 revenue, but, impacted by the COVID-19 pandemic, it lost $2.2 billion in the first quarter of 2020 alone and accepted government aid. History Merger proposals and plans In January 2012, US Airways Group, the parent company of US Airway ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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PSA Airlines
PSA Airlines, Inc. is an American regional airline headquartered at Dayton International Airport in Dayton, Ohio. The airline is a wholly owned subsidiary of the American Airlines Group and it is paid by fellow group member American Airlines to staff, operate and maintain aircraft used on American Eagle flights that are scheduled, marketed and sold by American Airlines. PSA Airlines operates a fleet consisting of exclusively Bombardier regional jet aircraft. The company has a team of more than 5,000 employees, operating more than 800 daily flights to nearly 100 destinations. The airline is named after Pacific Southwest Airlines (commonly known as PSA), one of the predecessors of today's American Airlines, to protect the trademark. History Vee Neal Airlines Named after its owner Vee Neal Frey, Vee Neal Airlines was established in Latrobe, Pennsylvania, and received an air operator's certificate in 1979. At first, the company operated as a fixed-base operator, and later ...
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Doug Parker
William Douglas Parker (b. October 31, 1961) is an American businessman who is the chairman of American Airlines Group, the parent company of American Airlines. Parker previously served as chief executive officer of the airline from 2001 to 2023. Early life and education Parker grew up in Michigan and received a BA in Economics from Albion College (1984). He then received an MBA from the Owen Graduate School of Management at Vanderbilt University (1986), where American Airlines offered him a job after a campus interview. Early career Parker was a financial analyst at American Airlines from 1986 to 1991, and a member of then CEO Robert Crandall's "Brat Pack", alongside Thomas W. Horton (former CEO President and Chairman of American), C. David Cush (former CEO of Virgin America), and Ben Baldanza (former CEO of Spirit Airlines). Parker joined Northwest Airlines in 1991 and was tasked to help create a team that systematically figured out where the airline was making an ...
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Rothschild & Co
Rothschild & Co SCA is a multinational Private banking, private and alternative assets investor, headquartered in Paris, France and London, United Kingdom. It is the flagship of the Rothschild banking group controlled by the British and French branches of the Rothschild family. The banking business of the firm covers the areas of investment banking, restructuring, corporate banking, private equity, asset management, and private banking. It is also known to serve as the advisor and lender to governments and major corporations. In addition, the firm has its own investment account in private equity. Rothschild's financial advisory division is known to serve British nobility as well as the British royal family. Past chairman Sir Evelyn Robert de Rothschild was the personal financial advisor of Queen Elizabeth II, and she knighted him in 1989 for his services to banking and finance. History Rothschild & Co is the result of a merger between the French and British houses of Rothschild ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ...
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Thomas W
Thomas may refer to: People * List of people with given name Thomas * Thomas (name) * Thomas (surname) * Saint Thomas (other) * Thomas Aquinas (1225–1274) Italian Dominican friar, philosopher, and Doctor of the Church * Thomas the Apostle * Thomas (bishop of the East Angles) (fl. 640s–650s), medieval Bishop of the East Angles * Thomas (Archdeacon of Barnstaple) (fl. 1203), Archdeacon of Barnstaple * Thomas, Count of Perche (1195–1217), Count of Perche * Thomas (bishop of Finland) (1248), first known Bishop of Finland * Thomas, Earl of Mar (1330–1377), 14th-century Earl, Aberdeen, Scotland Geography Places in the United States * Thomas, Idaho * Thomas, Illinois * Thomas, Oklahoma * Thomas, Oregon * Thomas, South Dakota * Thomas, Virginia * Thomas, Washington * Thomas, West Virginia * Thomas County (other) * Thomas Township (other) Elsewhere * Thomas Glacier (Greenland) Arts and entertainment * ''Thomas'' (Burton novel), a 19 ...
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COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ...
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Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by total revenue for their respective fiscal years. The list includes publicly held company, publicly held companies, along with Privately held company, privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset Fortune 1000, ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in January 1955. The original top ten companies were General Motors, ExxonMobil, Jersey Standard, U.S. Steel, General Electric, JBS USA, Esmark, Chrysler, Armour and Company, Armour, Gulf Oil, Mobil, and D ...
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World's Largest Airlines
The largest airlines in the world can be measured in several ways. , United Airlines was the largest in terms of available seat miles (ASM), revenue seat miles (RPM), mainline fleet size, the number of both mainline employees and destinations served; Delta Air Lines was the most valuable by revenue, assets, market capitalization, and brand value; American Airlines Group carries the most passengers and has the most employees when American Eagle is included; FedEx Express carries the most freight in tonne-kilometers; Southwest Airlines has the greatest number of routes; and Turkish Airlines serves the most countries.https://www.ch-aviation.com/airlines/tk Financials Note that Emirates is a state-owned company, and is thus not included in this list of public companies. Its 2024 revenue was estimated to be around $37.4B or 5th place. Qatar Airways Group is similarly privately held with its 2024 revenue of around $22.2B or 10th place (with Emirates included). Brand value ...
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Federal Aviation Administration
The Federal Aviation Administration (FAA) is a Federal government of the United States, U.S. federal government agency within the United States Department of Transportation, U.S. Department of Transportation that regulates civil aviation in the United States and surrounding international waters. Its powers include air traffic control, certification of personnel and aircraft, setting standards for airports, and protection of U.S. assets during the launch or re-entry of commercial space vehicles. Powers over neighboring international waters were delegated to the FAA by authority of the International Civil Aviation Organization. The FAA was created in as the Federal Aviation Agency, replacing the Civil Aeronautics Administration (United States), Civil Aeronautics Administration (CAA). In 1967, the FAA became part of the newly formed U.S. Department of Transportation and was renamed the Federal Aviation Administration. Major functions The FAA's roles include: *Regulating U.S. co ...
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Tribune Publishing
Tribune Publishing Company (briefly Tronc, Inc.) is an American newspaper print and online media publishing company. The company, which was acquired by Alden Global Capital in May 2021, has a portfolio that includes the ''Chicago Tribune'', the ''Orlando Sentinel'', South Florida's '' Sun-Sentinel'', ''The Virginian-Pilot'', the ''Hartford Courant'', additional titles in Pennsylvania and Virginia, syndication operations, and websites. It also publishes several local newspapers in its metropolitan regions, which are organized in subsidiary groups. Incorporated in 1847 with the founding of the ''Chicago Tribune'', Tribune Publishing operated as a division of the Tribune Company, a Chicago-based multimedia conglomerate, until it was spun off into a separate public company in August 2014. The company confirmed its sale to hedge fund Alden Global Capital on May 21, 2021. The transaction officially closed on May 25. Prior to this acquisition, Tribune Publishing was the nation's t ...
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Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and WGN-TV, WGN television received their call letters. It is the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region, and the List of newspapers in the United States, sixth-largest newspaper by print circulation in the United States. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the then new Republican Party (United States), Republican Party's progressive wing. In the 20th century, under Medill's grandson 'Colonel' Robert R. McCormick, its reputation was that of a crusading newspaper with an outlook that promoted Conservatism in the United States, American conservatism and opposed the New Deal. Its reporting and commenta ...
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