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Published: July 17, 2008
American Airlines posts big loss but stock rises
DALLAS — The parent of American Airlines swung to a big loss in the second quarter, but shares in the nation's biggest carrier soared one-third higher on Wednesday as oil prices fell, offering hope that jet fuel might get cheaper too.
AMR Corp. said it lost $1.45 billion, or $5.77 per share in the quarter ended June 30. Most of that, however, was a write-down of the value of American's jet fleet, which the airl...
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