16-Apr-2009 11:15 AM
American Airlines shares soar as 1Q losses better than expected – SHARE WRAP
Analysis
American Airlines' rose close to 19% yesterday on the Wall Street Casino, as its adjusted first-quarter results beat market expectations. CEO, Gerard Arpey, stated, "while lower fuel prices have provided a significant buffer against falling demand in 2009, the struggling economy and capital markets remain significant challenges for American and the rest of the industry".
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