The founder of Gol, a Brazilian airline that once set out to topple high-cost air travel, is now facing questions on his company's exorbitantly high prices.
AMR shareholders saw their stocks drop 84 percent on Tuesday, and can expect the stock to drop to zero, but experts are saying the state of the airline industry today suggests profits are on the way.
The Dow rose 32 points to 11555 as a jump in US consumer confidence and new efforts from European leaders to find more aggressive cures for the region's debt crisis encouraged investors
American Airline parent corporation, AMR Corp., filed for Chapter 11 bankruptcy Tuesday. With peak travel season just around the corner, experts are split over what it could mean.
American Airlines: The nation's third-largest airline also said Tuesday that CEO Gerard Arpey had stepped down and was replaced by company president Thomas W. Horton.