AMR Corporaion Announces Huge Losses (AMR)

Parent company, AMR Corporation (NYSE: AMR) , announces loss of over $359 million or $1.26 a share for the third quarter. Their operating revenue also went down significantly as it fell to $5.13 from $6.42 billion the previous year. Because of the news, AMR Shares also dropped 4.1% or $7.53 a share.

Both American Eagle and American Airlines are subsidiaries of AMR Corporation.