Airline

Airline stocks fall as economy worsens; AMR leads the drop due to bankruptcy fears

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Airline stocks fall as economy worsens; AMR leads the drop due to bankruptcy fears

Shares in AMR Corp, parent of American Airlines, closed down 33% yesterday as fears spread the airline was facing bankruptcy. The company has denied rumours it is seeking bankruptcy protection but the poor results posted by the airline and the high debt load it is carrying means it will take mo...

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