AMR Announces Results of Cash Tender Offers for Selected Debt Securities

FORT WORTH, Texas, Nov. 24 /PRNewswire-FirstCall/ -- AMR Corporation today announced that its tender offers to purchase for cash any and all of the outstanding debt securities listed in the table below ("Securities"), having an aggregate principal amount of $338,352,000, expired at 5 p.m. New York City time on Nov. 22, 2006.

According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the tender offers, a total of $61,849,344 principal amount of Securities has been tendered. AMR has accepted for purchase all tendered Securities.

In 2006, AMR has taken several steps to strengthen its balance sheet, including the issuance of $400 million of common stock and the open market purchase of $128 million of its debt; in addition, in calendar year 2006 AMR has scheduled debt amortization of $1.2 billion. Going forward, depending on market conditions, AMR's cash position and other considerations, AMR may from time to time redeem or acquire its debt (including Securities that remain outstanding after consummation of the tender offers) or take other steps to reduce its debt or lease obligations.

The following table lists the amounts tendered and accepted for purchase by AMR for each series of Securities.

Aggregate Principal Amount Outstanding Aggregate Principal Upon Amount Tendered Commencement Title of and Accepted for CUSIP/ISIN Number of Tender Offers Securities Purchase by AMR 00176LBZ3/US00176LBZ31 $22,500,000 10.40% Medium $50,000 Term Notes, Series B, due March 10, 2011 00176LCG4/US00176LCG41 $6,600,000 10.45% Medium $466,000 Term Notes, Series B, due March 10, 2011 00176LCC3/US00176LCC37 $10,650,000 10.40% Medium $8,360,000 Term Notes, Series B, due March 15, 2011 00176LCK5/US00176LCK52 $5,000,000 10.42% Medium $3,064,000 Term Notes, Series B, due March 15, 2011 00176LCM1/US00176LCM19 $4,000,000 9.96% Medium $0 Term Notes, Series C, due May 2, 2011 00176LCS8/US00176LCS88 $1,000,000 9.88% Medium $1,000,000 Term Notes, Series C, due May 16, 2011 00176LCV1/US00176LCV18 $2,000,000 10.13% Medium $0 Term Notes, Series C, due June 15, 2011 00176LDD0/US00176LDD01 $2,550,000 9.82% Medium $5,000 Term Notes, Series C, due October 25, 2011 00176LDK4/US00176LDK44 $3,900,000 10.45% Medium $181,000 Term Notes, Series C, due November 15, 2011 00176LDN8/US00176LDN82 $8,575,000 9.20% Medium $874,000 Term Notes, Series C, due January 30, 2012 00176LEB3/US00176LEB36 $1,100,000 9.14% Medium $10,000 Term Notes, Series D, due February 21, 2012 00176LCU3/US00176LCU35 $1,000,000 10.15% Medium $87,000 Term Notes, Series C, due May 15, 2020 00176LCF6/US00176LCF67 $2,450,000 10.29% Medium $85,000 Term Notes, Series B, due March 8, 2021 00176LCJ8/US00176LCJ89 $4,100,000 10.55% Medium $375,000 Term Notes, Series B, due March 12, 2021 00176LCT6/US00176LCT61 $675,000 10.125% Medium $84,000 Term Notes, Series C, due June 1, 2021 001765AU0/US001765AU07 $88,407,000 9% Debentures $12,648,000 due August 1, 2012 001765AC0/US001765AC09 $78,215,000 9% Debentures $17,271,844 due September 15, 2016 001765AE6/US001765AE64 $22,835,000 10.20% Debentures $5,309,500 due 2020 001765AG1/US001765AG13 $9,705,000 9.88% Debentures $1,816,000 due 2020 001765AK2/US001765AK25 $34,302,000 10% Debentures $2,140,000 due April 15, 2021 001765AP1/US001765AP12 $16,818,000 9-3/4% Debentures $1,118,000 due August 15, 2021 001765AQ9/US001765AQ94 $11,970,000 9.8% Debentures $6,905,000 due October 1, 2021

The payment of the tender offer consideration for such Securities, plus any accrued and unpaid interest thereon, will be made on Tuesday, Nov. 28. A total of $276,502,656 principal amount of Securities will remain outstanding following settlement.

Morgan Stanley served as the Dealer Manager and Global Bondholder Services Corporation served as Depositary and Information Agent for the tender offers.

For further information, investors and brokers should call: Global Bondholder Services Corporation Morgan Stanley 866-795-2200 (toll-free) Or 800-624-1808 (toll-free) 212-761-5746 (call collect)

Statements in this announcement contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent AMR's expectations or beliefs concerning future events. When used in this announcement, the words "expects," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook," "may," "will," "should," and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe AMR's objectives, plans or goals are forward-looking statements. Forward-looking statements include, without limitation, AMR's expectations concerning operations and financial conditions, including changes in capacity, revenues and costs; future financing plans and needs; overall economic and industry conditions; plans and objectives for future operations; and the impact on AMR of its results of operations in recent years and the sufficiency of its financial resources to absorb that impact. Other forward-looking statements include statements which do not relate solely to historical facts, such as, without limitation, statements which discuss the possible future effects of current known trends or uncertainties or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this announcement are based upon information available to AMR on the date of this announcement. AMR undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of factors that could cause AMR's actual results to differ materially from AMR's expectations. The following factors, in addition to other possible factors not listed, could cause AMR's actual results to differ materially from those expressed in forward-looking statements: the materially weakened financial condition of AMR, resulting from its significant losses in recent years; the ability of AMR to generate additional revenues and significantly reduce its costs; changes in economic and other conditions beyond AMR's control, and the volatile results of AMR's operations; AMR's substantial indebtedness and other obligations; the ability of AMR to satisfy existing financial or other covenants in certain of its credit agreements; continued high fuel prices and further increases in the price of fuel, and the availability of fuel; the fiercely competitive business environment faced by AMR, and historically low fare levels; competition with reorganized and reorganizing carriers; AMR's reduced pricing power; AMR's likely need to raise additional funds and its ability to do so on acceptable terms; changes in AMR's business strategy; government regulation of AMR's business; conflicts overseas or terrorist attacks; uncertainties with respect to AMR's international operations; outbreaks of a disease (such as SARS or avian flu) that affects travel behavior; uncertainties with respect to AMR's relationships with unionized and other employee work groups; increased insurance costs and potential reductions of available insurance coverage; AMR's ability to retain key management personnel; potential failures or disruptions of AMR's computer, communications or other technology systems; changes in the price of AMR's common stock; and the ability of AMR to reach acceptable agreements with third parties. Additional information concerning these and other factors is contained in AMR's Securities and Exchange Commission filings, including but not limited to AMR's Annual Report on Form 10-K for the year ended December 31, 2005.