Varig services to Varig. Year-long discussions to merge Varig with TAM Airlines ended unsuccessfully in 2004 and the same year Varig fell to third place in the Brazilian domestic market share, behind TAM and Gol. VARIG applied to the Commercial Bankruptcy and Reorganization Court in Rio de Janeiro on , for the commencement of "judicial reorganization" proceedings pursuant to the New Bankruptcy and Restructuring Law of Brazil (Law 11.101). The request was granted on 22 June 2005. VARIG continued to provide services despite its financial troubles. In order to raise funds, the Bankruptcy and Reorganization Court decided to sell two of
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