Shares of American Airlines parent AMR slump as bankruptcy speculation grows
23 October 2011Shares of American Airlines parent AMR Corp. fell Friday, and an analyst predicted the company will wind up in bankruptcy unless it gets a break from lenders or more cash.
The shares dropped 19 cents, or 6.6 percent, to close at $2.69 and fell as low as $2.59 during the session.
Other major U.S. airline stocks also fell, as higher oil prices signaled rising jet fuel costs, but they declined less than half as much as AMR.
source:Â washingtonpost.com
