Trading Of AMR Halted For A Second Time | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Wed, Oct 19, 2011

Trading Of AMR Halted For A Second Time

Steep Losses Trigger Automatic Stop Order

Monday was another bad day for AMR stockholders, as an ongoing labor dispute triggered steep losses in the airline's shares to the point that trading was automatically halted. It was the second time this month that trading was temporarily suspended due to rapidly falling prices.

The airline and its pilot's union failed to come to an agreement on a new contract over the weekend, which was the catalyst for the Monday stock slide. The previous issue was over speculation about a possible reorganization under bankruptcy protection for the airline.

Analysts say there is simply a lot of worry over the eventual fate of one of the remaining legacy carriers, according to a report in USA Today.

A spokeswoman for American said talks between the airline and the pilots union were expected to resume this week. Missy Cousino said the company is "optimistic that there is a path to an agreement."

The airline says it is also facing pressure from volitile fuel prices and high maintenance costs for its aging fleet of airliners.

FMI: www.american.com

Advertisement

More News

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Airborne 05.06.24: Gone West-Dick Rutan, ICON BK Update, SpaceX EVA Suit

Also: 1800th E-Jet, Uncle Sam Sues For Landing Gear, Embraer Ag Plane, Textron Parts A friend of the family reported that Lt. Col. (Ret.) Richard Glenn Rutan flew west on Friday, M>[...]

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Also: Virgin Galactic, B-29 Doc to Allentown, Erickson Fire-Fighters Bought, FAA Reauthorization After dealing with a big letdown after the unexpected decision by Skyreach to disco>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Airborne-Flight Training 05.09.24: ERAU at AIAA, LIFT Diamond Buy, Epic A&P

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC