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Technical Analysis
- 1/22/2009 2:23:21 AM
By Chip Brian, SmarTrend Analytics Team
Wednesday, AMR Corp. (NYSE:AMR) announced fourth quarter net loss of $340 million, or $1.22 per share, compared to a net loss of $69 million, or $0.28 last year. Total sales for the quarter fell 3.1% to $5.5 billion. Fiscal year 2008 net loss was $2.1 billion, or $7.98 per share, compared to a net income of $504 million, or $1.78 per share in 2007. The company expects full year 2009 mainline capacity to decline by more than 6.5% from 2008.
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