Earlier today AMR Corporation, its subsidiary American Airlines, Inc., and 18 other affiliates ("Debtors") filed petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York in Manhattan.1 The case was assigned to Bankruptcy Judge Sean H. Lane. The Debtors have asked the Court to consolidate all 20 cases for procedural purposes under the caption In re: AMR Corporation, Case No. 11-15463.

As of September 30, 2011, the Debtors and their non-debtor affiliates report consolidated assets of approximately $24.7 billion and consolidated liabilities of approximately $29.6 billion. As of November 25 they had $4.1 billion of unrestricted cash and short-term investments. The Debtors' pre-petition debt is comprised primarily of funded debt (i.e., bonds and notes) but also includes amounts due to airports, municipalities and trade creditors.