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.
U.S. stocks closed with steep losses amid reports that a key meeting of Europe's finance ministers was canceled. The Dow fell 207 points to 11706 as poor corporate earnings felled U.S. stocks.
Whitney Houston was on her way to Detroit to work on 'Sparkle,' her first film in years, when the airline seat belt incident occurred.
Airline stocks fell Monday, led by bankruptcy speculation for troubled American Airlines. American shares tumbled 33 percent, while airline stocks generally dropped 9.8 percent.
Airline fares for business travelers have gone by an average of $6 to $10 per round trip. Southwest's hike in airline fares virtually guarantees price rise will stick.
Stocks of small companies, especially, are being sold, and overall, stocks are falling