16-Jul-2009 5:10 PM
American Airlines loses USD300 million: if things are getting better, you can’t see them from here
Analysis
American Airlines is the first of the majors to report its 2Q09 results. If the market's response is similar for its competitor airlines, they will be feeling relieved - despite losing USD 390 million in the second quarter (usually one of the best), American's stocks gained 4.3% on the day. Excluding special items, the company recorded a loss of USD319 million, or USD1.14 per share.
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