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What does AM stand for?

AM stands for Airmail

This definition appears very frequently

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Other Resources:
We have 232 other meanings of AM in our Acronym Attic

Samples in periodicals archive:

Jun 30, 2006 UPS Airlines UPS won a three-year contract from the US Postal Service to provide domestic air transport of mail to and from 98 cities, greatly expanding an arrangement under which it furnishes airmail services for 16 cities.
airmail stamps from 1918 with a biplane mistakenly printed upside down was auctioned in October for $2,970,000--a world record for a stamp item.