AMR Surges on FInancing Pact (AMR)

Posted in pre-market 
September 17th, 2009

AMR Corp. (NYSE: AMR), the parent of American Airlines, is not just up… it is surging.  The airliner has obtained $2.9 billion in new financing.  The air carrier is also making changes to its flight schedule as it deals with weaker demand and as it faces declining revenue in the airline industry. Shares are up 23% at $9.08 on almost 1 million shares of stock.  That is huge for a listed NYSE stock run by a specialist this early in the morning.

8:14 AM EST

JON OGG

Comments are closed

-->