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AMR Corporation, commonly referred to as simply AMR, is an American-based airline and aviation holding company. Founded in 1981 by Robert L. Crandall, it initially grew from the merger of American Airlines and Trans World Airlines. With corporate headquarters based in Fort Worth, Texas, AMR today operates two primary business units; namely the American Airlines Group (AAG) – the world's largest airline in both fleet size and revenue passenger miles – along with its wholly owned subsidiaries such as Envoy Aviation Group (EAG) and Piedmont Aviation Incorporated (PIA). In addition to these business segments primarily consisting of domestic routes throughout North America, AMR also serves a multitude of international destinations through strategic alliances with other carriers both inside and outside the United States. In 2011, due to drastically reduced demand for air travel amidst a weakening global economy that was further compounded by rising fuel prices for jet fuel which represented over 30% of total expenditures at the time, AMR declared bankruptcy protection under bankruptcy Code in 2011. After operating under bankruptcy protection until late 2013 when it emerged from restructuring; AMR re-branded itself as “American Airlines” shortly thereafter merging with US Airways early 2014 after approval from both shareholders and regulatory agencies had been secured paving way for what would be become world’s second largest airline behind only Delta Air Lines.