Reuters reports that shares of American Airlines parent AMR Corp (AMR.N) fell more than 18 percent on Monday as analysts debated the prospects for a bankruptcy filing for the third- largest U.S. airline, which lags its industry peers.
Airline stocks were down broadly on concerns that a weak economy will drain travel demand and hit fares this autumn. But American, seen financially as the weakest major carrier, saw the worst share losses on a percentage basis. The stock was down 15.9 percent, or 47 cents, at $2.49 on the New York Stock Exchange.
"When can they stop the bleeding of cash?" asked Basili Alukos, an equity analyst at Morningstar. The carrier had a second-quarter net loss of $286 million, while rivals showed profits….
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http://www.reuters.com/article/2011/10/03/us-amr-shares-idUSTRE79249920111003
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