UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 _____________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of earliest event reported: November 8, 2005 AMR CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-8400 75-1825172 (State of Incorporation) (Commission File Number) (IRS Employer Identification No.) 4333 Amon Carter Blvd. Fort Worth, Texas 76155 (Address of principal executive offices) (Zip Code) (817) 963-1234 (Registrant's telephone number) (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of the Registrant. On November 8, 2005, the New York City Industrial Development Agency (the "IDA") issued $800 million of special facility revenue bonds on behalf of American Airlines, Inc. ("American"), a wholly-owned subsidiary of AMR Corporation ("AMR"). Proceeds from the bonds generally will be used to finance or reimburse American for certain construction costs related to American's new terminal at John F. Kennedy International Airport. American is responsible for debt service on the bonds and will consolidate the debt in its financial statements. The bonds are guaranteed by both American and AMR. American's and AMR's obligations under these guaranties are secured by a mortgage of American's interest in its lease of the terminal and related property from the Port Authority of New York and New Jersey. The bonds were issued in different maturities and bear interest as follows: Maturity Date Amount (August 1) Interest Rate $59,290,000 2011 7.125% $90,040,000 2016 7.500% $230,700,000 2025 7.625% $118,020,000 2028 8.000% $301,950,000 2031 7.750% The bonds, in aggregate, priced at approximately 97% of par value; thus, net of original issue discount, proceeds from the offering were approximately $775 million. Of that amount, $206 million was placed in escrow to reimburse American for future remaining construction costs between now and the end of 2007. An additional $77 million was escrowed for debt service reserves, ultimately offsetting some of American's future debt service obligation through 2031. After these items, and issuance fees of approximately $20 million, American, at closing, received approximately $470 million as reimbursement of construction costs incurred to date. The bonds maturing after August 1, 2016 are subject to optional redemption during specified periods. The bonds maturing prior to August 1, 2016 are not subject to optional redemption. The bonds of each maturity are subject to mandatory sinking fund redemption at specified dates. In addition, the bonds are subject to mandatory redemption if the lease under which American leases the terminal to the IDA is terminated (including by reason of the termination of American's lease of the terminal from the Port Authority of New York and New Jersey) or if interest on the bonds is determined to be taxable. Amounts payable with respect to the bonds can be accelerated upon the occurrence of certain events of default, including failure to pay principal and interest when due and the occurrence of certain bankruptcy events with respect to American or AMR. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMR CORPORATION /s/ Charles D. MarLett Charles D. MarLett Corporate Secretary Dated: November 10, 2005