Monday, July 1, 2013

Bankruptcy Has Been Good for American Airlines


According to the recent monthly results, bankruptcy has been good to AMR Corp. (NASDAQOTH: AAMRQ.PK). The company just reported a dramatic turnaround from last year for May and should signal that the combination with US Airways (NYSE: LCC) will be a very profitable one.

The airlines expect to finalize the merger in the next few months, which will lead to numerous synergies estimated at around $1 billion. Apparently though, the more »


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