Founded in 1930, American Airlines, formerly American Airways Inc., was the result of the consolidation of more than 80 small airlines into The Aviation Corporation. American Airways Inc. officially became American Airlines Inc. in 1934, the same year C.R. Smith became president of the company. The airline began trading on the New York Stock Exchange on June 10, 1939. Originally headquartered in New York City, where it continues to maintain a strong presence, American moved its headquarters to Fort Worth, Texas, in 1979. In 1982, a new holding company, AMR Corporation, was formed and became the parent company of American Airlines and American Eagle Airlines Inc. The formation of AMR had no effect on the day-to-day operations of American, but it did provide the company with access to sources of financing that otherwise might not be available. For the next three decades, American became one of the largest airlines in the world, contributing nearly $100 billion to the U.S. and international economies. It helped create more than 900,000 jobs worldwide and supported approximately 1,400 nonprofit organizations worldwide.