Varig economic difficulty. This purchase not only made Varig the largest airline in South America but also granted rights to other cities in Latin America, Miami, the West Coast of the United States and to Japan. European services started on . Varig had been lobbying for European concessions for more than ten years, but after the sudden shutdown of Panair do Brasil by the Brazilian military government Varig was granted rights previously held by Panair and was ordered to immediately operate all scheduled services, including Panair's flight scheduled to depart that very night from Rio de Janeiro-Galeão to Recife, Lisbon, Paris-Orly
American Airlines Group year 2017, American Airlines Group reported earnings of US$1.919 billion, with an annual revenue of US$42.207 billion, an increase of 5.0% over the previous fiscal cycle. American Airlines Group's shares traded at over $46 per share, and its market capitalization was valued at US$15 billion in October 2018. Data before 2014 are for American Airlines only. American Airlines Group American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas. It was formed December 9, 2013, in the merger of AMR Corporation, the parent company of American Airlines, and US Airways Group, the parent