Since July 2014 and by way of December 31, 2016, as part of our capital deployment program, we expended an aggregate of $9.0 billion to repurchase shares of our widespread inventory underneath a number of share repurchase applications permitted by our Board of Directors, and in January 2017, our Board of Directors authorized a new $2.Zero billion share repurchase program that expires on December 31, 2018. Share repurchases underneath our share repurchase applications could also be made by means of a variety of strategies, which can embrace open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions. However, in January 2017, our Board of Directors authorized a brand new $2.0 billion share repurchase program that expires on December 31, 2018, bringing the total amount authorized for share repurchase programs since July 2014 to $11.0 billion. The applications do not obligate us to repurchase any specific number of shares and may be suspended at any time at our discretion.
Our capital deployment program may increase the volatility of the price of our frequent inventory and diminish our money reserves. The price of AAG widespread inventory has not too long ago been and will in the future be unstable. Former holders of AMR common inventory as of December 9, 2013, the efficient date of the plan of reorganization, might sooner or later obtain extra distributions of AAG widespread stock dependent upon the ultimate distribution of shares of AAG frequent inventory to holders of disputed claims. Our Certificate of Incorporation and Bylaws additional specify that it’s the responsibility of every stockholder who’s a non-citizen to register his, her or its fairness securities on our overseas stock document and provide for treatments applicable to stockholders that exceed the voting and possession caps described above. These restrictions might adversely affect the flexibility of sure holders of AAG widespread inventory to dispose of or acquire shares of AAG common inventory. These restrictions could adversely affect the flexibility of sure holders of AAG common stock and our other equity interests to vote such interests and adversely have an effect on the ability of persons to amass shares of AAG common stock and our different fairness pursuits. Our common stock is listed on the NASDAQ Global Select Market (NASDAQ) beneath the image AAL. There isn’t any buying and selling market for the widespread stock of American, which is a wholly-owned subsidiary of AAG. Americans consolidated monetary statements as though the transaction had occurred on December 9, 2013, when a subsidiary of AMR merged with and into US Airways Group, which represents the earliest date that American and US Airways have been under common control.
We believe that the presentation of mainline prices per accessible seat mile (CASM) excluding gas is beneficial to buyers as both the associated fee and availability of gas are topic to many economic and political components beyond our management. Such modifications in supply and demand for certain aircraft types may end result from grounding of aircraft by us or different airlines. The worth of our aircraft may very well be impacted in future intervals by adjustments in provide and demand for these aircraft. We will continue to retain future earnings to develop our business, as alternatives arise, and evaluate on a quarterly foundation the quantity and timing of future dividends based mostly on our working outcomes, financial condition, capital requirements and general business circumstances. To fulfill demand for workforce wants of one of the quickest-growing areas of the U.S., ASU is bringing new colleges, new degree applications, new buildings and extra to the West Valley campus. When Water, Fire, and Storm Damage Happens in Dove Valley Ranch, We’re Ready. Two completely different power sources can be found, depending on the required damage mechanism. We are committed to consistently delivering safe, dependable and convenient service to our customers in every facet of our operation, to constructing the most effective employee relations within the business and to providing returns for our stockholders.
In June 2015, we obtained a Civil Investigative Demand (CID) from the DOJ as a part of an investigation into whether or not there have been illegal agreements or coordination of air passenger capacity. Harry Potter and the Order of the Phoenix was published in June 2003. It offered thousands and thousands of copies on its first day. In addition, we shouldn’t have financing commitments in place for considerably all aircraft currently on order and scheduled to be delivered in 2018 and past. A Phoenix attorney has been quickly suspended for training law for threatening to publicly shame opposing counsel so as to achieve a settlement. Together with our wholly-owned regional airline subsidiaries and third-celebration regional carriers working as American Eagle, our airline operates an average of practically 6,seven hundred flights per day to almost 350 destinations in more than 50 countries, principally from our hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. These aircraft may be operated by wholly-owned regional subsidiaries or leased to third-occasion regional carriers which would operate the aircraft under capability purchase arrangements.
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