American Airlines airline stocks plunged to the lowest price in eight years. The reason is the weakening world economy is also affected other airlines. Also speculation that states that the airline would seek bankruptcy protection.
Similarly, quoted by the Associated Press on Tuesday (03/10/2011). Airline issues interesting to watch as it can also be used as one indicator of the weakening world economy. Investors world has also received reports no signal decrease from a trip passenger and air cargo.
The stock price of American Airlines (AMR Corp.) was closed at 1.98 dollars per share. Since March 2003, never once this stock closed below the price of 2 dollars per share. AMR's stock price had fallen 75 percent since the beginning of this year.
American Airlines is the third largest airline in America to fly 275,000 passengers per day by 3400 aviation. Region operations mostly in Dallas, Chicago, Miami, New York, and Los Angeles.
Aviation analyst from Morningstar, Basili Alukos, dubious American Airlines can reduce the cost of an employee or loan payments with interest to strangle him, without going through bankruptcy court. Problems faced by American Airlines does not seem simple.
However, it shares the entire aviation industry in America, Monday, down 9.8 percent. In fact, since the beginning of 2011 shares of the entire airline industry fell 41 percent.
Your now on: American Airlines stocks fall
Your url on:
0 comments:
Post a Comment