Iceland fund puts heat on AMR: money manager has frequent-flier plan in sights for spinoff

Authors :: Cimilluca, Dana
Source :: Wall Street Journal. Europe. Sept 28, 2007, A10
Publication Year :: 2007
Abstract: Icelandic investment firm FL Group is pressuring AMR Corp., the parent of American Airlines, to examine alternatives to improve the air carrier's stock, which has dropped by nearly half since the beginning of the year. Among its recommendations, FL Group, which has an 8.3% stake in the airline, has suggested the company spin off its frequent-flier program, which is valued at approximately $6 bil compared to AMR's market capitalization value of $5.4 bil.

Subjects :: AMR Corp. -- Investor relations
AMR Corp. -- Reorganization and restructuring
AMR Corp. -- Securities
American Airlines Inc. -- Investor relations
American Airlines Inc. -- Reorganization and restructuring
American Airlines Inc. -- Securities
Airlines -- Investor relations
Airlines -- Reorganization and restructuring
Airlines -- Securities
Investment companies -- Influence
Company restructuring/company reorganization
Company organization
Company securities
Banking, finance and accounting industries
Business
Business, international

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